Watch sustainability champions reveal key solutions, innovations accelerating India's SDGs at ‘The Sustainability 100+ Dialogues 2021’-Haryana Roundtable on March 5 at 12pm

Buy Birla Corporation; target of Rs 1371: HDFC Securities

HDFC Securities is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 1371 in its research report dated January 25, 2021.

January 28, 2021 / 03:49 PM IST
  • bselive
  • nselive
Todays L/H

HDFC Securities' research report on Birla Corporation

Birla Corp’s (BCORP) 3QFY21 consolidated revenue/EBITDA/APAT surged 4/23/83% YoY to Rs 17.77/3.62/1.50bn respectively, led by healthy realisation and lower opex. Thus, unitary EBITDA firmed up 19% YoY to Rs 998/MT. We continue to prefer BCORP in the mid-cap space for its large retail presence in the northern/central markets and ongoing opex reduction. Further, the ongoing expansion will increase its capacity to 21mn MT by 1QFY23, boosting volume growth visibility.


We maintain BUY with an unchanged target price of Rs 1,371 (8.5x Dec’22E consolidated EBITDA).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jan 28, 2021 03:49 pm

stay updated

Get Daily News on your Browser