ABNL hits 52-week high after strong Q4 results

Aditya Birla Nuvo rose 2.74% to Rs 1,878.75 at 14:38 IST on BSE after consolidated net profit rose 88.63% to Rs 332 crore on 0.53% decline in revenue to Rs 7073 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced during market hours today, 14 May 2015.

Meanwhile, the S&P BSE Sensex was down 123.59 points or 0.45% at 27,127.51.

On BSE, so far 77,000 shares were traded in the counter as against average daily volume of 21,446 shares in the past one quarter.

The stock hit a high of Rs 1,913.25 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 1,794.35 so far during the day. The stock had hit a 52-week low of Rs 1,098.55 on 13 May 2014.

The stock had outperformed the market over the past one month till 13 May 2015, advancing 2.99% compared with Sensex's 6.17% fall. The scrip had also outperformed the market in past one quarter, rising 0.29% as against Sensex's 6.34% fall.

The large-cap firm has equity capital of Rs 130.14 crore. Face value per share is Rs 10.

Aditya Birla Nuvo's (ABNL) EBITDA (earnings before interest, taxation, depreciation and amortization) rose 20.9% to Rs 1527 crore in Q4 March 2015 over Q4 March 2014.

ABNL's board of directors recommended a dividend of Rs 7 per share for the year ended 31 March 2015 (FY 2015).

ABNL is a conglomerate and is a part of the Aditya Birla Group. ABNL is present across financial services, telecom, fashion and lifestyle, IT-ITeS and manufacturing businesses.

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