Birla Corp rallies 31% in 2 weeks post Q4 results; stock nears record high

The company said it made up for its loss in production and sales at the beginning of the financial year by aggressively rationalising costs

Shares of Birla Corporation were trading higher for the eight straight days, up 7 per cent at Rs 1,289.65 on the BSE in Wednesday's intra-day trade after reporting a strong set of numbers for the quarter ended March 2021 (Q4FY21). It was trading close to its all-time high level of Rs 1,290, touched on January 8, 2018.

The stock of the cement & cement products company hit a fresh 52-week high today, and has zoomed 31 per cent in the past two weeks. In comparison, the S&P BSE Sensex was up 4 per cent during the same period.