Birla Corporation Ltd up by 10.53 percent | Espresso Market Updates

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Espresso shot of the day – Birla Corporation Ltd up by 10.53 percent

May 19, 2021
Espresso shot of the day – Birla Corporation Ltd up by 10.53 percent

BIRLA CORPORATION LTD 1326.60 (+10.53%) BSE – INE340A01012 | 19TH MAY 2021

Birla Corporation Limited is the flagship Company of the M.P. Birla Group. Incorporated as Birla Jute Manufacturing Company Limited in 1919, it was Late Mr. Madhav Prasad Birla who gave shape to it. As Chairman of the Company, he transformed it from a manufacturer of jute goods to a leading multi-product corporation with widespread activities. Under the Chairmanship of Mrs. Priyamvada Birla, the Company crossed the Rs 1,300 - crores turnover mark and the name was changed to Birla Corporation Limited in 1998. The Company is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.

Recent Drivers

  • On May 12, 2021, Birla Corporation Limited reported quarterly net profit at Rs 249.33 crores in March 2021 up 28.04% from Rs 194.73 crores in March 2020.
  • On May 12, 2021, Birla Corporation Limited reported net sales at Rs 2,132.61 crores in March 2021 up 26.19% from Rs 1,689.97 crores in March 2020.
  • On May 12, 2021, The Board of Birla Corporation at its meeting has approved the issue of Secured Redeemable Non-Convertible Debentures aggregating upto Rs 200 crores on private placement basis in one or more tranches.
  • On May 12, 2021, The Board of Birla Corporation at its meeting recommended Dividend of Rs 10 per share (i.e 100%) on 7,70,05,347 ordinary shares for the Financial Year 2020-21


 (Sources: Moneycontrol, Business Standard, BSEIndia)

Technical Force*

  • S&P BSE 500 month till date gain up by 3.60%
  • Traded on 52 week high value 1374.85
  • 3 months avg. volume of NSE: 2,88,339
  • Quantity traded: 1,04,425 | Deliverable quantity: 17,272 (16.54%)
  • Stock price has jumped more than 255% from one year low level: 383.80 | May 19, 2020
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1,374.85 | 52-week-low: 383.80

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1330.37

1068.98

895.27

633.88

460.17

198.78

25.07

-

Fibonacci Pivot

1068.98

902.78

800.09

733.96

633.88

533.81

467.68

364.99

198.78


Today’s Close

1326.60

SMA

BSE

10 DAY

1047.92

20 DAY

983.79

50 DAY

931.43

200 DAY

757.92

Some Key Ratios (Source: BSE)

Market Cap: 10,215.53 crores

PE: 23.84

OPM%: 13.21

ROE%: 8.88

Promoters holding%: 62.90

Prev. Close: 1200.25

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.