Birla Corporation was up 2.62% to Rs 559.40 at 10:00 IST on BSE after Reliance Mutual Fund bought 10 lakh shares of the company at Rs 542 per share in a bulk deal on the BSE yesterday, 11 July 2016.
Meanwhile, the S&P BSE Sensex was up 55.49 points or 0.2% at 27,682.18.
On BSE, so far 8,326 shares were traded in the counter as against average daily volume of 35,817 shares in the past one quarter. The stock hit a high of Rs 559.40 and a low of Rs 550.80 so far during the day. The stock had hit a 52-week high of Rs 571.90 on 30 June 2016. The stock had hit a 52-week low of Rs 322 on 26 February 2016. The stock had outperformed the market over the past one month till 11 July 2016, surging 29.79% compared with Sensex's 3.72% rise. The scrip had also outperformed the market in past one quarter, advancing 36.77% as against Sensex's 10.41% rise.
The mid-cap company has equity capital of Rs 77.01 crore. Face value per share is Rs 10.
HDFC Mutual Fund A/C HDFC Prudence Fund sold 8.57 lakh shares of Birla Corporation at Rs 542.02 per share on the BSE yesterday, 11 July 2016.
Birla Corporation's net profit surged 306.4% to Rs 115.66 crore on 9.4% growth in net sales to Rs 856.05 crore in Q4 March 2016 over Q4 March 2015.
Birla Corporation is engaged in the manufacturing of cement, jute goods, polyvinyl chloride floor covering goods, auto trim parts and, iron and steel castings.
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