Shares of Bombay Burmah Trading Corporation zoomed 9 percent and hit a record high of Rs 2,705 apiece on September 3 driven by heavy trading volumes. As many as seven lakh shares of the company changed hands on the exchanges so far, significantly higher than the one-month daily traded average of two lakh shares.
At 11.11 am, shares of Bombay Burmah Trading Corp were trading at Rs 2,667.95 on the NSE. The stock has been buzzing in recent times as it has delivered over 22 percent returns in the past month and close to 175 percent in the past years, making it a multibagger.
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Much of the uptrend in the stock in the past month has been fueled by its return to profit in the April-June quarter of FY25. The company returned to black by posting net profit of Rs 222.29 crore in Q1FY25 as opposed to a net loss of Rs 156.17 crore in the year-ago period.
Revenue also rose 4.13 percent on year to Rs 4,212.25 crore in the quarter as against Rs 4,045.30 crore during the same period last fiscal.
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