News for Birla Corporation Limited (BIRLACORPN.BO)

Stock market rebounds sharply with Nifty 50 components gaining, Sensex and Nifty jumping, and most sectoral indices in positive territory.

Indian equity markets ended higher for the week, with the Sensex up 1.6% and Nifty gaining 1.3%, led by largecaps. Smallcaps lagged amid rising volatility. Key triggers ahead include the US Fed rate decision, Q4 results from SBI and Kotak Bank, India-Pakistan border tensions, and crude price swings. FIIs remained net buyers and the Rupee appreciated past 84/USD.

Stocks including Titan Company, Swiggy, Tata Power, Aadhar Housing, Whirlpool, Religare, Birla Corp & PC Jewellers and more will be in the spotlight on Wednesday, February 05.

India's Q2 2024 earnings season disappointed. Many profit-making companies reported losses. Nifty earnings grew at the slowest pace since June 2020. Analysts point to a slowdown in several sectors. However, experts predict a recovery in the second half of the fiscal year. Increased government spending and strong festival demand are expected to boost growth.

Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.

Indian benchmark equity indices gained during a special one-hour "muhurat" trading session on Friday, marking the Diwali festival, driven by auto stocks boosted by positive monthly sales data.

Indian benchmark equity indices declined for the fourth straight session, dragged by Hindustan Unilever's missed profit estimates and foreign fund outflows. Analysts note that the Nifty has declined over four sessions and appears oversold, suggesting a potential pullback to 24,550–24,600.

Indian equity indices fell for a third session due to lackluster corporate earnings and foreign selling, despite gains from Bajaj Finance. Analysts suggest Nifty's crucial support is at 24,378; a break below could lead to further declines.

Q2 results today: On October 23, 2024, 73 companies, including major names Bajaj Finserv, Hindustan Unilever, Godrej Properties, and AU Small Finance Bank, will release their Q2 FY2025 earnings reports.

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

Multi Commodity Exchange of India, Mahindra Logistics and Dolat Agrotech posted a 1,512%, 1,467% and 1,048% rise in net profit in Q4FY24.

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Birla Corporation Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was INR 96,627.2 million compared to INR 86,822.7 million a...

Birla Corporation Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was INR 26,564.3 million compared to INR 24,625.7...

Q4 results today: DMart, Jammu & Kashmir Bank Ltd, Zen Technologies, Central Depository Services (India) Ltd (CDSL), Kotak Mahindra Bank, and IDBI Bank are set to announce their quarterly earnings for Q4FY24 on May 4

Shares of cement maker Birla Corporation have gained merely 3% in 2024. The cement stock rallied 68% in a year, clocking a majority of gains in 2023. The stock of the MP Birla Group has earned a buy call from brokerage Asit C Mehta with a target price of Rs 2055. The brokerage house cited an improvement in profitability, return ratios & balance sheet and a continued focus on capacity addition as primary factors for initiating coverage on the cement stock.

Asit C Mehta is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 2055 in its research report dated April 08 2024.

BSE Sensex rose 167.06 points, or 0.23 per cent to close at 71,595.49. NSE's Nifty50 jumped 64.55 points, or 0.30 per cent, to end the session at 21,782.50.

Q3 results today: Godrej Properties Ltd, Max Financial Services Ltd, Navin Fluorine International Limited, Redington Ltd, Reliance Capital Ltd, Tata Teleservices (Maharashtra) Ltd, and many other stocks will be in focus today as they will declare their Q3 results