Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Buy Birla Corporation; target of Rs 1514: Anand Rathi

Anand Rathi is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 1514 in its research report dated May 16, 2022.

May 17, 2022 / 06:09 PM IST
"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Anand Rathi's research report on Birla Corporation

With industry-leading capacity utilisation, Birla Corp reported its highest quarterly and yearly sales in Q4 FY22 and FY22, though profitability was hit on high input costa. It is aiming at 30m tpa cement capacity by FY27. The expansion will keep leverage high; we believe, however, its net debt would be in check with greater profitability on various cost optimisations and higher volume growth on the ramping up of capacities at the newly commissioned Mukutban unit.

Outlook

We retain our Buy rating, with a lower target price of Rs1,514 (earlier Rs1,844).

For all recommendations report, click here

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

Broker Research
first published: May 17, 2022 06:08 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347