{"id":311,"date":"2020-05-27T14:06:30","date_gmt":"2020-05-27T08:36:30","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=311"},"modified":"2020-05-27T14:06:30","modified_gmt":"2020-05-27T08:36:30","slug":"birla-corporation-share-price-rockets-40-in-two-days-cement-shares-gain-as-demand-picks-up","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/birla-corporation-share-price-rockets-40-in-two-days-cement-shares-gain-as-demand-picks-up\/","title":{"rendered":"Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Cement stocks rallied nearly 20 per cent in Wednesday\u2019s trade as most of the countries eased coronavirus-led lockdown restrictions which is likely to provide a fillip to the construction activity. Birla Corporation share price soared 19.12 per cent to hit day\u2019s high of Rs 580 apiece. The stock has gained nearly 40 per cent in two trading sessions. In less than 15 trading days, Birla Corporation share price has increased to Rs 580 from Rs 372.50. However, the stock hit its 52-week high of Rs 807.60 in February this year, since then Birla Corporation shares have climbed off over 28 per cent. Many brokerages have turned bullish on the stock with a \u2018buy\u2019 rating to it and upside of 20 per cent. \u201cWhile revenues during the first lockdown were almost nil, manufacturing activities were allowed to resume production in a phased manner from April 20,\u201d ICICI Direct Research said in a report.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Among other cement and cement products stocks, Dalmia Bharat shares surged 8 per cent, Anjani Portland Cement shares advanced 11.42 per cent, Shri Keshav Cements and Infra, and Keerthi Industries shares hit 5 per cent upper circuit each. While JK Lakshmi Cement shares were up 4 per cent. In comparison, S&amp;P BSE Sensex was trading 1.09 per cent higher at 30,943. Last week, Birla Corporation reported a 52 per cent rise in consolidated net profit at Rs 194.73 crore in the quarter ended March 31. The cement company had clocked a profit of Rs 128.19 crore in the corresponding quarter of the preceding fiscal. \u201cWhile FY21 would be adversely impacted due to COVID-19, the outlook for FY22E remains positive as upcoming capacities should drive market share gains,\u201d Motilal Oswal said in its research report, maintaining a \u2018buy\u2019 rating to the stock with an upside of 20 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ICICI Direct Research is also bullish on the stock and has revised its target price with an upside of 5 per cent. \u201cWhile the ongoing expansion may increase the debt burden in the medium term, the company\u2019s healthy asset utilisations, healthy margin profile remain key positives, which will help the company to ride this medium-term challenges,\u201d ICICI Direct Research said in its recent report. We upgrade the stock to BUY with a revised target price of Rs 610.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Eqwires Research Analyst<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\"><strong>Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cement stocks rallied nearly 20 per cent in Wednesday\u2019s trade as most of the countries eased coronavirus-led lockdown restrictions which is likely to provide a fillip to the construction activity. Birla Corporation share price soared 19.12 per cent to hit day\u2019s high of Rs 580 apiece. The stock has gained nearly 40 per cent in two trading sessions. In less than 15 trading days, Birla Corporation share price has increased to Rs 580 from Rs &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/birla-corporation-share-price-rockets-40-in-two-days-cement-shares-gain-as-demand-picks-up\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Birla Corporation share price rockets 40% in two days, cement shares gain as demand picks up&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,139,140,106,272,266,98,72,97,184,73,268,135,137,133,104,141,161,160,159,74,75,210,158,166,228,227,103,254,102,224,257,101,105,165,76,77,78,79,247,215,216,174,80,81,99,218,82,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,232,231,250,96,3,260,252,248,249,107,192,220,275,223,156,157,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,8,185,10,17,269,148,151,146,15,16,122,144,162,23,41,25,24,27,21,194,50,229,226,124,33,253,126,225,119,20,258,28,49,127,121,230,125,115,22,113,29,52,123,131,245,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,242,237,51,110,32,187,35,55,44,270,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,233,68,193,241,205,261,263,209,262,243,244,240,66,204,70,109,259,221,274,222,163,69,58,239,208,114,178,181,179,180],"class_list":["post-311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-tips-provider-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-tips","category-intraday-trading-tips-strategies","category-investment-adviser","category-investments","category-it-industry","category-jackpot-intraday-tips","category-most-accurate-stock-tips-provider","category-most-successful-intraday-strategy","category-most-successful-intraday-tips-provider","category-most-successful-stock-advisor-in-india","category-most-successful-stock-advisors-in-india","category-news","category-nifty-intraday-trading-tips","category-nse-fo","category-operator-based-calls","category-politics","category-portfolio-management-services","category-promotions","category-sebi-registered-advisory-company","category-sebi-registered-advisory-company-in-india","category-sebi-registered-best-investment-advisory","category-sebi-registered-investment-advisor","category-sebi-registered-research-analyst","category-share-market-tips","category-stock-market","category-stock-market-basics","category-stock-market-expert-in-india","category-stock-market-tips","category-stock-market-tips-india","category-stock-tips","category-sureshot-tips-provider","category-top-10-advisory-company","category-top-10-intr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