{"id":113247,"date":"2023-11-06T15:58:57","date_gmt":"2023-11-06T10:28:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113247"},"modified":"2023-11-06T15:59:02","modified_gmt":"2023-11-06T10:29:02","slug":"birla-stock-in-green-after-company-announces-capex-of-400-cr-to-increase-production-capacity","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/birla-stock-in-green-after-company-announces-capex-of-400-cr-to-increase-production-capacity\/","title":{"rendered":"Birla stock in green after company announces capex of \u20b9 400 Cr to increase production capacity"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-109357633\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small cap cement company gained 1.54 percent today after the company announced capacity expansion of its cement manufacturing facility. The company has a market capitalization of Rs. 9,967.19 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3607964317\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:15, 6th November shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BIRLACORPN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Birla Corporation Ltd<\/a><\/strong> were trading at Rs. 1,315 per share, up by 1.54 percent from previous closing price of Rs. 1,295.65 per share. The stock has delivered 33.56 percent returns in the last 6 months.\u00a0<\/p><p>Such bullish stock price movements were observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) that the board has approved the proposal to set up a 1.40 million tons greenfield cement grinding unit at prayagraj, Uttar Pradesh.&nbsp;<\/p><p>The existing cement grinding capacity of the company is 9.81 million tonnes per annum and the company is looking forward to adding 1.40 million tonnes per annum within financial year 2025-26 due to robust expected demand in the central region. The investment required for this capex is Rs. 400 crores and it will be funded by a mix of debt and internal accruals.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3171129240\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the financials statements, the company reported revenue growth of 9.29 percent to Rs. 2,408.46 crores in Q1FY24 from Rs. 2,203.76 crores in Q1FY23, in the same time period net profit decreased slightly by 3.57 percent to Rs. 59.71 crores from Rs. 61.92 crores.&nbsp;<\/p><p>Talking about the profitability ratios, the company reported return on equity (ROE) of 0.8 percent and return on capital employed (ROCE) of 4.08 percent in the last financial year.&nbsp;<\/p><p>Birla Corporation is a part of the M.P. Birla Group and is involved in the production of different types of cement. Additionally, it has a presence in the jute goods sector. The company manufactures different types of cements and its 95 percent revenue came from cement and other 5 percent from jute.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3188832410\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small cap cement company gained 1.54 percent today after the company announced capacity expansion of its cement manufacturing facility. The company has a market capitalization of Rs. 9,967.19 crores.&nbsp; At 2:15, 6th November shares of Birla Corporation Ltd were trading at Rs. 1,315 per share, up by 1.54 percent from previous closing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[14070,948,936],"class_list":["post-113247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-birla-corporation-capex","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Birla stock in green after company announces capex of \u20b9 400 Cr to increase production capacity - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap cement company gained 1.54 percent today after the company announced capacity expansion of its cement manufacturing facility. 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