News for Birla Corporation Limited (BIRLACORPN.NS)

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.

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.

Brokerages Motilal Oswal and Emkay Global have maintained their positive stance on the cement sector, while Nuvama has reiterated a neutral call.

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...

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.

A short build-up was seen in 75 stocks including UPL, Zydus Lifesciences, Aurobindo Pharma, Shree Cement, and Dr Lal PathLabs

India's benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, led by gains in Reliance Industries and IT stocks, and as the government's fiscal prudence in its budget also boosted sentiment.

Stocks to watch: Check out the companies making headlines before the opening bell today, on November 20, 2023.

The cement boards production rose 12 percent to 21,509 metric tonnes, and cement boards dispatches increased by 9 percent to 20,239 metric tonnes.

Live updates on India's equity markets on Oct. 11.

Stocks to watch: Check out the companies making headlines before the opening bell today, on October 11, 2023.

Based on the OI percentage, 82 stocks were on the short-covering list. These included City Union Bank, MCX India, L&T Finance Holdings, ABB India, and Kotak Mahindra Bank

Based on the OI percentage, 77 stocks, including Alkem Laboratories, Vedanta, GNFC, Bharat Forge, and Balrampur Chini Mills saw a short build-up.

Based on the OI percentage, 79 stocks were on the short-covering list. These included Escorts, Shriram Finance, National Aluminium Company, Bharat Forge, and Vedanta.