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Birla Corp share price: The stock surged 7.62 per cent to hit a day high of Rs 1,678. It was last seen trading 4.21 per cent higher at Rs 1,624.85. Birla Corp reported a consolidated net profit of Rs 193.34 crore for the quarter ending on March 31, 2024 (Q4 FY24), up 127.59 per cent, year-on-year (YoY), from Rs 84.95 crore. ....
SC to hear Adani-Hindenburg case, Nitin Gadkari to unveil World’s First 100% Ethanol-fueled car, a variant of Toyota Innova, in Top News on August 29: Ashish Kacholia-backed Aeroflex Industries IPO allotment, Birla Corporation, Tamilnad Mercantile Bank ex-dividend stocks, share markets today, Bank Nifty outlook, Oppo Find N3 Flip, Oppo Watch 4 Pro launch in China also in focus. ....
Top Cement stocks: Cement demand is expected to grow at a CAGR of 9% over FY23-FY25E. Despite companies adding capacities, cement demand will outpace the cement supply but pricing is likely to remain under pressure. Ultratech Cement, JK Cement, or Birla Corporation, watch this Visual Story to know which cement stock to buy. ....
Shares of Birla Corporation were trading higher for the eight straight days, up 7 per cent at Rs 1,289.65 on the BSE in Wednesday s intra-day trade after reporting a strong set of numbers for the quarter ended March 2021 (Q4FY21). It was trading close to its all-time high level of Rs 1,290, touched on January 8, 2018. The stock of the cement & cement products company hit a fresh 52-week high today, and has zoomed 31 per cent in the past two weeks. In comparison, the S&P BSE Sensex was up 4 per cent during the same period. Birla Corporation reported a fourth quarter net profit of Rs 249.33 crore, up 28 per cent year on year (YoY) from Rs 194.73 crore in the same period last year, on the back strong realisation. The sales volume jumped 24.5 per cent YoY to 4.17 million tons (mt). Revenue grew 24.9 per cent YoY at Rs 2,146 crore. ....
Motilal Oswal has buy call on Birla Corporation with a target price of Rs 1330. The current market price of Birla Corporation Ltd. is Rs 999.25. Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 7775.61 Crore) operating in Cement sector. Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2146.12 Crore, up 17.74 % from last quarter Total Income of Rs 1822.82 Crore and up 24.92 % from last year same quarter Total Income of Rs 1718.03 Crore. Company reported net profit after tax of Rs 249.33 Crore in latest quarter. The valuation is attractive at 5.8x FY23E EV/EBITDA (~15% discount to its 10-year average) and USD68/t of capacity (~30% discount to replacement cost). It values BCORP at 7x FY23E EV/EBITDA to arrive at TP of INR1,330. ....