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    Buy Birla Corporation, target price Rs 1472: HDFC Securities

    Synopsis

    Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 6520.04 Crore) operating in Cement sector.

    buyiStock
    Promoters held 62.9 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.16 per cent, DIIs 16.29 per cent.
    HDFC Securities has buy call on Birla Corporation with a target price of Rs 1472. The current market price of Birla Corporation Ltd. is Rs 845.05. Time period given by analyst is one year when Birla Corporation Ltd. price can reach defined target.

    Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 6520.04 Crore) operating in Cement sector.

    Birla Corporation Ltd. key Products/Revenue Segments include Cement, Jute Goods, Royalty Income, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2333.54 Crore, up 32.82 % from last quarter Total Income of Rs 1756.95 Crore and up 8.73 % from last year same quarter Total Income of Rs 2146.12 Crore. Company reported net profit after tax of Rs 111.08 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 62.9 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.16 per cent, DIIs 16.29 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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