This stock rallied 300% in a year, hit 52-week high today
The small-cap share has delivered more than 300 per cent returns to its shareholders in the last 12 months. The share stood at Rs 72.9 on May 26, 2020. It has zoomed to Rs 312 today, translating into gains of 327 per cent during the period. In comparison, Sensex clocked 65 per cent in one year
BusinessToday.In | May 24, 2021 | Updated 18:19 IST
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Share of BirlaSoft rose 17 per cent to hit a fresh 52-week high of Rs 312 after the company reported a 43.3 percent rise in consolidated net profit for the March 2021 quarter.
The company reported a net profit of Rs 98.9 crore in last quarter against profit in the year-ago period stood at Rs 19 crore. Revenue from operations declined marginally to Rs 902.8 crore for the quarter ended March 2021 compared to Rs 907 crore in the year-ago period.