Company Name: Birlasoft Ltd
Founder: CK Birla Group
CEO: Dharmender Kapoor
Founded: 1990
Website: https://www.birlasoft.com/
Mid Cap Company, market cap: 5076.69(Cr)
Fundamental view
Profit making company, it is in increasing order from last 5 years.
Company is expected to give good quarterly result.
In last quarter Jun 2020 profit decreased due to other income affected by lockdown.
Quarterly | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 |
Sales | 914 | 907 | 833 | 773 | 777 |
Other Income | -8 | 18 | 17 | 2 | 8 |
Total Income | 906 | 925 | 851 | 776 | 785 |
Total Expenditure | 823 | 811 | 745 | 708 | 720 |
EBIT | 83 | 114 | 105 | 67 | 64 |
Interest | 3 | 3 | 4 | 4 | 4 |
Tax | 23 | 41 | 28 | 23 | 18 |
Net Profit | 56 | 69 | 72 | 40 | 41 |
Trending
In this pandemic situation of COVID – 19 all businesses were closed but only IT sector was performed well because of IT sector has got facility of work from home hence business never stopped, other businesses affected a lot by profit margin but Pharma and IT is performing well.
Technical Analysis:
Price has given positive breakout on the monthly candles, this chart expecting positive movement in the long -term. The breakout point is 195 buy above 196 and keep the stop loss on 179, for the target 233 for medium-term and long-term.
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