Aditya Birla Nuvo rose 0.66% to Rs 1377.45 at 14:19 IST on BSE after the company said it has revoked the suspension of work and production has started at the company's Aditya Birla Insulators, Rishra Plant with effect from 18 June 2014.
The announcement was made during market hours today, 19 June 2014.
Meanwhile, the S&P BSE Sensex was up 24.39 points or 0.1% at 25,270.64.
On BSE, so far 4,459 shares were traded in the counter as against average daily volume of 23,470 shares in the past one quarter.
The stock hit a high of Rs 1394.35 and a low of Rs 1366.90 so far during the day. The stock hit a 52-week high of Rs 1,515 on 9 June 2014. The stock hit a 52-week low of Rs 996.40 on 22 August 2013.
The stock had outperformed the market over the past one month till 18 June 2014, surging 16.75% compared with the Sensex's 4.66% rise. The scrip had also outperformed the market in past one quarter, jumping 29.21% as against Sensex's 15.64% rise.
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The large-cap company has equity capital of Rs 130.08 crore. Face value per share is Rs 10.
Aditya Birla Nuvo (ABNL) said that the company has revoked the suspension of work and production has started at the company's Aditya Birla Insulators, Rishra Plant with effect from 18 June 2014, following the wage settlement.
ABNL's consolidated net profit declined 11.4% to Rs 176.13 crore on 2.1% growth in net sales to Rs 7049.92 crore in Q4 March 2014 over Q4 March 2013.
Aditya Birla Nuvo is an approximately $4 billion conglomerate operating in the services and the manufacturing sectors.
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