Birla Cable is locked at upper circuit limit at Rs. 199.85, up by 9.50 points or 4.99% from its previous closing of Rs. 190.35 on the BSE.
The scrip opened at Rs. 199.85 and has touched a high and low of Rs. 199.85 and Rs. 199.85 respectively. So far 3557 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.55 on 09-Nov-2018 and a 52 week low of Rs. 50.10 on 06-Feb-2018.
Last one week high and low of the scrip stood at Rs. 203.55 and Rs. 175.00 respectively. The current market cap of the company is Rs. 599.55 crore.
The promoters holding in the company stood at 66.35%, while Institutions and Non-Institutions held 0.06% and 33.58% respectively.
Birla Cable has reported around 6 fold jump in its net profit at Rs 15.72 crore for the quarter ended September 30, 2018 as compared to Rs 2.66 crore for the same quarter in the previous year. Total income of the company increased by 74.65% at Rs 140.54 crore for Q2FY19 as compared Rs 80.47 crore for the corresponding quarter previous year.
Birla Cable (Formerly known as Birla Ericsson Optical) is a premier company in the field of Telecommunication Cables, which offers one of widest portfolio of Copper and Fibre Optic cables under its umbrella.
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