Birla Corp soars on plan to set-up new units in four States

01 Nov 2013

Birla Corporation is currently trading at Rs. 221.00, up by 7.55 points or 3.54% from its previous closing of Rs. 213.45 on the BSE.

The scrip opened at Rs. 216.95 and has touched a high and low of Rs. 223.90 and Rs. 215.00 respectively. So far 636 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.80 on 02-Jan-2013 and a 52 week low of Rs. 191.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 223.90 and Rs. 206.90 respectively. The current market cap of the company is Rs. 1696.81 crore.

The promoters holding in the company stood at 62.90% while Institutions and Non-Institutions held 20.86% and 16.24% respectively.

Birla Corporation is reportedly planning to set-up new units in four States and will also invest around Rs 950 crore for the same. The company will set up three grinding cum blending units in Madhya Pradesh, one grinding unit in Bihar, one blending unit in Uttar Pradesh and another in Jharkhand, which will have a combined capacity of 4.5 million tonnes.

Moreover, the company has already started mechanical mining at its Chanderia mine in Rajasthan in the first week of August after an interim order by the Supreme Court on July 29.

Birla Corporation operates four division cement, jute, vinoleum and auto trim. It has eight manufacturing facilities located in Pune, Rajasthan, West Bengal, Gurgoan, Uttar Pradesh and Madhya Pradesh.

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Birla Corporation Share Price

753.15 22.60 (3.09%) Jan 29, 18:01
1 Year Price Chart
Company Name CMP
Grasim Industries 802.55
Century Textile &Ind 620.45
DCM Shriram 382.05
Birla Corporation 753.15
SRF 3769.75
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719