Birlasoft hits 52-week high on being recognised as a ‘Leader’

On Wednesday, Birlasoft shares surged 3.30% to trade at its 52-week high of Rs 805.70, from its previous closing of Rs. 779.95 on the BSE.

Leader in Data Management, Cloud Computing and Next-Gen IT/OT 

Birlasoft has been recognized as ‘Leader’ in ‘Data Management and Cloud Computing’ and ‘Next-Gen IT/OT’ Services in North America, in the ISG Provider Lens Oil and Gas Industry – Services and Solutions Report 2023.

The report recognized Birlasoft as a ‘Leader’ in ‘Data Management and Cloud Computing’ Services showcasing its commitment to driving digital transformation through robust and secure cloud solutions. Birlasoft has invested in building niche award-winning vertical solutions – MachineLogix, intelliAsset, Data Switch, Predactica and IntelliVision, deployed by various Oil and Gas customers across geographies. The company is also developing the Integrated Operations Window (IOW) solution in partnership with major Oil and Gas technology providers.

Recognized as a ‘Leader’ in ‘Next-Gen IT/OT’ Services, Birlasoft’s cutting-edge solutions at the convergence of IT and OT have positioned the company at the forefront of the industry. Embracing the philosophy of ‘Energy to the Power of Digital’, Birlasoft delivers innovative digital solutions, empowering Oil and Gas companies to enhance operational efficiency, optimise asset utilization, ensure compliance, and streamline customer experiences. Birlasoft’s solutions address contemporary industry challenges, offering a competitive edge by delving deeper into engineering, operational modelling, and simulation.

Company profile 

Birlasoft combines the power of domain, enterprise and digital technologies to reimagine business processes for customers and their ecosystem. The company’s consultative and design-thinking approach makes societies more productive by helping customers run businesses.

Stock price movement 

Today, the stock opened at Rs 763.25 and has touched a high and low of Rs 805.70 and Rs 763.25, respectively. The BSE group ‘A’ stock of face value of Rs 2 has a 52-week high and low of Rs 805.70 and Rs 250.35, respectively. Last one week high and low of the scrip stood at Rs 805.70 and Rs 741.75, respectively. The current market cap of the company is Rs 22,084.73 crore.

The promoters holding in the company stood at 40.95%, while Institutions and Non-Institutions held 41.41% and 17.65% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.