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35% plus return opportunity in BIRLACORP in Short Term
BIRLA CORPORATION LTD
Long
35% plus return opportunity in BIRLACORP in Short Term
By finvestar
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Updated
Aug 8, 2024
0
May 31, 2024
It reached an ATH of 1802 on 27th Feb'24 and faced a correction of nearly 24%.
It tried moving upwards from 2nd May onwards, but faced profit booking at 1682 levels even after announcing outstanding results.
Thus it is expected that the stock will revisit its last high of 1802 and may achieve a new high of 1944 in the process.
Upside potential: 35% (Short to medium Term)
Aug 8, 2024
Trade closed manually
Revenue contracted by 9% and PAT declined by a significant 45% in Q1 FY25.
Recommended to Exit.
BIRLACORPN
Chart Patterns
Trend Analysis
finvestar
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