Aditya Birla Chemicals spurts over 38% in two days

Aditya Birla Chemicals (India) hit an upper circuit limit of 20% at Rs 90.60 at 13:22 IST on BSE, extending Tuesday's 15.18% spurt triggered by the company's robust Q1 June 2013 results.

The result was announced during trading hours today, 14 August 2013. Aditya Birla Chemicals (India) shares surged 15.18% to Rs 75.50 on that day. The stock spurted 38.22% in two sessions from Rs 65.55 on Monday, 12 August 2013.

Meanwhile, the BSE Sensex was up 51.11 points, or 0.27%, to 19,280.95.

On BSE, 22,657 shares were traded in the counter compared with average volume of 6,404 shares in the past one quarter.

The stock hit a high of Rs 90.60 and a low of Rs 79.95 so far during the day. The stock hit a 52-week high of Rs 116.20 on 13 December 2012. It hit a 52-week low of Rs 60.25 on 8 August 2013.

The stock had outperformed the market over the past one month till 13 August 2013, falling 0.79% compared with the Sensex's 3.65% decline. The scrip had, however, underperformed the market in past one quarter, sliding 6.33% as against Sensex's 2.35% fall.

The small-cap company has an equity capital of Rs 23.39 crore. Face value per share is Rs 10.

Aditya Birla Chemicals (India)'s net profit surged 160.82% to Rs 20.24 crore on 27.42% increase in net sales to Rs 221.41 crore in Q1 June 2013 over Q1 June 2012. Profit from operations before other income, finance cost and exceptional items jumped 36.72% to Rs 48.03 crore in Q1 June 2013 over Q1 June 2012.

Aditya Birla Chemicals is a leading manufacturer of bulk and speciality chemicals and viscose filament yarn. The business is spread across multiple manufacturing locations in three countries - India, Thailand and China.

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