Aditya Birla Money more than doubles in nine sessions

Aditya Birla Money was locked at 10% upper circuit at Rs 63.15 at 14:08 IST on BSE with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was up 209.84 points, or 0.71% at 29,785.58. The S&P BSE Small-cap index was up 120.72 points, or 0.82% at 14,896.75.

High volumes were witnessed on the counter. On the BSE, 2.91 lakh shares were traded on the counter so far as against the average daily volumes of 40,640 shares in the past one quarter. The stock had hit a high of Rs 63.15 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 58 so far during the day.

The stock had hit a 52-week low of Rs 20.50 on 20 April 2016. The stock had outperformed the market over the past one month till 10 April 2017, advancing 102.65% compared with the Sensex's 2.17% rise. The scrip had also outperformed the market over the past one quarter advancing 114.77% as against the Sensex's 9.95% rise.

The small-cap company has equity capital of Rs 5.54 crore. Face value per share is Rs 1.

Shares of Aditya Birla Money sizzled 108.07% in nine trading sessions to its current ruling price of Rs 63.15, from a close of Rs 30.35 on 28 March 2017.

Aditya Birla Money had issued a clarification to the stock exchanges on 7 April 2017 regarding sudden jump in its share price. The company said that there is no price sensitive information/announcement (including pending announcement) relating to the company which may have a bearing on the price/volume behavior in the scrip.

Aditya Birla Money reported net profit of Rs 2.76 crore in Q3 December 2016, as against net loss of Rs 0.38 crore in Q3 December 2015. Total income rose 11.6% to Rs 31.31 crore in Q3 December 2016 over Q3 December 2015.

Aditya Birla Money is engaged in the business of broking and related activities. The company's business is to provide brokerage services and portfolio management services (PMS) to its clients in the capital markets within India.

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