Shares of CSL Limited (ASX: CSL) are flying today!
The shares have spent much of the past three months trading at, or below, $100 per share. In fact, they hit a 52-week low of just $91.62 in December!
Today, however, the shares have surged more than 10% to $109.59. Without further ado, here's the chart shareholders will want to see:
CSL's impressive rise came after the company released a profit upgrade this morning. While you can read about the update more in-depth, here, in short, the company said it expects net profit for the full-year to grow between 18% and 20% on a constant currency basis.
By comparison, it had previously guided for growth of just 11%.
CSL is one of Australia's biggest and most reliable blue-chip shares. Although the majority of its growth is likely behind it, it could still make for a great addition to your long-term portfolio, today.
