BIRLA CORPORATION Plunges by 7%; BSE 500 Index Down 7.0%
March 19, 2020 09:32 AM

BIRLA CORPORATION share price has plunged 7% and is presently trading at Rs 514.

Meanwhile, the BSE 500 Index is at 10,739 (down 7.0%).

Among the top losers in the BSE 500 Index today are BIRLA CORPORATION (down 6.6%) and HONEYWELL AUTOMATION (down 8.9%).

D. B. CORP (up 5.6%) and MPHASIS (up 0.8%) are among the top gainers today.

Over the last one year, BIRLA CORPORATION has moved down from Rs 534 to Rs 514, registering a loss of Rs 20 (down 3.7%)..

The BSE 500 has moved down from 15,069 to 10,739, loss of 4,330 points (down 28.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 227.7%), ABBOTT INDIA (up 79.1%) and J.B.CHEMICALS (up 50.9%).

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.8%).

In the meantime, NSE Nifty is at 8,099 (down 6.2%).

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 29.41%).

BIRLA CORPORATION Financial Update...

BIRLA CORPORATION net profit stood at Rs 883 million for the quarter ended September 2019, compared to a profit of Rs 274 million a year ago. Net Sales rose 4.5% to Rs 16.3 billion during the period as against Rs 15.6 billion in July-September 2018.

For the year ended March 2019, BIRLA CORPORATION reported 53.6% increase in net profit to Rs 2.6 billion compared to net profit of Rs 1.7 billion during FY18.

Revenue of the company grew 10.2% to Rs 65 billion during FY19.

The current Price to earnings ratio of BIRLA CORPORATION, based on rolling 12 month earnings, stands at 9.9x.