External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We maintain a BUY rating on Birla Corporation (BCORP) with an unchanged target price of INR 1,685/share (9x its Sep-26E consolidated EBITDA)</li><li>We interacted with the management to understand market dynamics and BCORP’s growth plans</li><li>The management noted that Q2FY25 has been a tough quarter for the industry as a whole, as demand has been poor and cement prices continue to drift lower</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain a BUY rating on Birla Corporation (BCORP) with an unchanged target price of INR 1,685/share (9x its Sep-26E consolidated EBITDA)We interacted with the management to understand market dynamics and BCORP’s growth plansThe management noted that Q2FY25 has been a tough quarter for the industry as a whole, as demand has been poor and cement prices continue to drift lowerContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Birla Corporation: Near-Term Headwinds. Maintain BUY

Birla Corp Ltd

Birla Corporation: Near-Term Headwinds. Maintain BUY