Result Hopes Ignite Birla Yamaha

Birla Yamaha witnessed a more than 12 per cent jump in its share price today to Rs 22, while volumes also peaked.

The scrip was volatile during the day ruling between a high of Rs 22.70 and a low of Rs 19.85, a swing of more than 14 per cent. The volumes were in the region of 59,000 shares.

There are expectations among analysts that the company would record good results for the fiscal ended. The company's bottomline is expected to improve due to the debt repayment scheme which it has undertaken.

Profits are expected to grow by 50 per cent, while sales are expected to remain the same as the previous year.

 

Birla Yamaha manufactures portable gensets and multipurpose engines.