Trends on SGX Nifty indicate a muted opening for the broader index in India, with a loss of 29 points
Motilal Oswal is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 780 in its research report dated August 02, 2019.
Motilal Oswal is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 583 in its research report dated May 05, 2019.
Revenue from operations of the flagship company of the M P Birla group, however, rose to Rs 1,872.76 crore in the three months ended March from Rs 1,650.81 crore in the corresponding period a year ago, the company said in a statement.
Net income of the company during the period increased 19 percent at Rs 1,485 crore from Rs 1,245 crore in the previous similar period.
With increasing capacity utilisation across regions, cement prices are expected to firm up after the monsoons and should aid margin recovery, which appears to have bottomed out
Birla Corporation has reported a consolidated total income from operations of Rs 1,655.75 crore and a net profit of Rs 83.86 crore for the quarter ended Jun-2018
During the reporting quarter, net sales of the company stood at Rs 1,655.75 crore compared with Rs 1,458.79 crore in the corresponding period a year ago, it said in a release.
We feel the competitive pressure will continue to remain high in the northern and western regions. However, the companies with strong presence in east, central and south (specifically Andhra and Telangana) region will benefit from an improved demand environment in these geographies.
Motilal Oswal is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 1020 in its research report dated May 16, 2018.
Birla Corporation Limited, the M P Birla group flagship company, would invest around Rs 2400 crore for its proposed new cement plant at Mukutban near Nagpur.
ICICI Direct has recommended buy rating on Birla Corporation with a target price of Rs 1100 in its research report dated July 13, 2017.
The company had posted a net profit of Rs 105.54 crore during the same period of previous fiscal, Birla Corporation said in a BSE filing.
On the technical front, 9,200-9,250 spot levels are strong support zone and the current trend is likely to continue towards 9,400-9,500.
Analysts and trade sources blamed rise in input costs for the price hikes even as demand remains subdued.