Birla Corporation Limited
stock has cleared a 8-week, 18% deep Cup
Without Handle Base this week. Currently, the stock is trading around just 4% away from its ideal buy price of INR 1385. The stock is offering investors an opportunity to get on board at the current price.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 16% away from the 10-week moving average.
In the last twelve months, Birla Corporation Lt has rallied nearly 156.6% as compared to 43.8% for the Nifty500. It has a Relative Strength Rating of 76. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line
of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Birla Corporation Lt can maintain this outperformance, it could make sense as a CANSLIM
Another key part of the jigsaw is institutional sponsorship. Birla Corporation Lt has an Accumulation/Distribution Rating
of 'A+'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Birla Corporation Ltd
has an excellent EPS Rank of 93, which indicates consistency in earnings. The earnings and sales for the stock have grown by 64% and 5%, respectively over the past three years. Its 3-years earnings stability is 15, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 30% and 16%, respectively. The 5-years earnings stability is 27. The return on equity for the last reported year is 12%.
The stock belongs to the industry group of Bldg-Cement/Concrt/Ag. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 68. The current price of Birla Corporation Ltd is 5% off from its 52-week high price and 77% above its 52-week low price.
The stock appears on our idea lists: Minervini Trend Template
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