Birla Corporation Ltd
BIRLACORPN

705.00

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Turnover (lac)
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700.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Buy
Reco. Price
Rs 696.80
We recommend ACCUMULATE as demand in existing markets is likely to remain intact over FY16-18E. The acquisition of Reliance Infrastructure's cement business will further aid topline growth by helping expand presence in other markets. The stock is currently trading at a P/E of 15.4x and EV/ton of $72 on FY18E numbers. (Target Price - Rs.778.3)
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50 DMA (.)
710.29
100 DMA (.)
690.32
200 DMA (.)
655.82
Weekly Range (.)
688.15
714.70
Monthly Range (.)
666.10
745.70
52 Weeks Range (.)
358.20
803.95
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