Orient Cement seems to be on a very good wicket this morning and this is on the back of a very good performance for Q4FY19. The stock opened with a gain of 15.27% at Rs.117, which is also its current intra day high. Its 52-week high is at Rs.148.45.
This CK Birla group company posted excellent numbers for Q4FY19. Its net profit showed a four times surge at Rs.62 crore v/s Rs.13 crore (YoY). This was on a 21% rise in total income at Rs.755 crore.
Operating profit came in at Rs.62 crore, up by a whopping 105% and margin rose from 12% to 20.4%.