Cement prices have largely been stable from June 23 to exit across regions, except for the north, where prices have increased in July 23.

Birla Corporation plans to double production at its Mukutban cement plant in Maharashtra and increase profitability by up to a third by the end of the year. The company aims to produce around 2.5 million tonnes of cement next year, up from the current 1.9 million tonnes. Birla Corp will focus on premium products and aims to gain a market share of 10-12% in key regions.

The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in Maharashtra, setting up the second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units. "With the commissioning of Mukutban plant, we have virtually ring-fenced our core market of central India - which we can service seamlessly from our six plants, namely Maihar, Satna, Kundangunj, Raebareli, Chanderia, and now, Mukutban.

Mining in coalmines at Marki Barka is expected to become operational in the financial year 2025-26, said Chairman Harsh Lodha at the company’s annual general meeting (AGM).

In the recent phase of correction which the nifty witnessed for four weeks, mid-cap stocks were still under the control of bulls. Overall market participation in this segment continues to rise with market breadth being positive. ET screener powered by Refinitivs Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

HDFC Securities is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 1310 in its research report dated August 09, 2023.

Motilal Oswal is bullish on Birla Corporation recommended buy rating on the stock with a target price of Rs 1460 in its research report dated August 09, 2023.

On July 21, StockEdge reported that 29 stocks with Relative Strength Index (RSI) were trending down, indicating a possible shift in their price trends in the stock market. The RSI, which ranges from 0 to 100, is widely used to identify overbought and oversold conditions in a stock, and values above 70 suggest the stock

Net Sales are expected to increase by 6.6 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 2,350 crore, according to Nirmal Bang.

In technical analysis, when a stock's price surpasses its 200-day Simple Moving Average (SMA), it is seen as a bullish signal. Several stocks, including Godrej Properties, Berger Paints India, Birla Corporation, Ceat, PI Industries, Astral, and Mahindra & Mahindra, experienced this event on June 27, 2023. This suggests potential upward momentum and reflects investor optimism about their growth prospects in various sectors such as real estate, paints, cement, tires, agriculture, and manufacturing.