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Munish_Jain
Oct 13, 2023 6:42 AM

BIRLACORPN | Swing Trade Long

BIRLA CORPNSE

Description

📊 DETAILS
Sector: Diversified
Mkt Cap: 9,895 cr

Birla corporation It is a company of M.P Birla Group. The Co is engaged in the manufacturing of cement of various kinds and also has a presence in the jute goods industry.

TTM PE : 258.55 (High PE)
Sector PE : 48.06
Beta : 0.97

📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation

4.64% away from 52 week high
Outperformer - Birla Corporation down by -0.59% v/s NIFTY 50 down by -1.96% in last 1 month

📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials

Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.

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Trade active

Trade closed: target reached

T1
Comments
hariinfo04
Can you please share your reasoning behind your entry price ? Trying to learn from charts and this particular entry seems complicated to understand.
Munish_Jain
@hariinfo04, the red zone is the support/resistance zone, price tried to break it multiple times then closed above it.. so now it can act as support
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