BirlaSoft Ltd.

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.

QuarterlyJun-20Mar-20Dec-19Sep-19Jun-19
Sales914907833773777
Other Income-8181728
Total Income906925851776785
Total Expenditure823811745708720
EBIT831141056764
Interest3344 4
Tax2341282318
Net Profit5669724041

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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