Trending stocks: Birlasoft shares surge over 15%

NEW DELHI: Shares of Birlasoft Ltd. traded 15.24 per cent up in Thursday's trade at 11:01AM (IST). Around 200,306 shares changed hands on the counter.

The scrip opened at Rs 71.5 and touched an intraday high and low of Rs 80.05 and Rs 71.25, respectively, in the session so far. The stock of Birlasoft Ltd. quoted a 52-week high of Rs 105.85 and a 52-week low of Rs 47.6.

Total market cap of the Birlasoft Ltd. stood at Rs 2172.16 crore at the time of writing this report.


IT firm Birlasoft reported a 4.5 per cent rise in consolidated net profit to Rs 69 crore for the March 2020 quarter. The company had posted a profit of Rs 66.1 crore in the year-ago period, Birlasoft said in a regulatory filing.

Shareholding pattern
As of 31-Mar-2020, DIIs held 5.88 per cent stake in the company, while foreign institutional investors held 27.1 per cent and the promoters 40.8 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 9.68 and a price-to-book ratio of 1.15. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Birlasoft Ltd. belongs to the IT Consulting & Software - Small Cap industry.