Birla Cable Ltd engages in the provision of telecommunication cables. Its products include fibre optic cables, specialty cables and telecom fibre accessories. The company was founded on 30 June,1992 and is headquartered in Rewa, India.
https://www.tradingview.com/x/c9LdaAQi/
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Technicals - SMA 50 is around 179.10 where as SMA 200 is around 151.60 , apart from this earlier in May-June'23 Month , this stock has given a breakout from Cup & Handle Formation , and after retesting its neckline in July'23 , it achieved its short term target of 220 today.
Financials - With PE 16.87 vs Industry PE 64.72 and PB around 2.98 vs Industry PB 5.27, this stock is looking fabulous for investment purpose. Dividend Yield is higher than sector's.
Over the last 5 Years
- Revenue has grown at a yearly rate of 19.56% vs industrial avg of 11.08%
- Net Income has grown at a yearly rate of 15.36% vs industrial avg of -25.96%
- Market Share increased from 2.9% to 4.2% , that is around 44%.
Shareholding - Promotors are holding 66.35 % whereas FIIs have bought 0.4% stack in the company in the last quarter whereas DIIs have increased their stack by 0.20% in last quarter too , now they have 0.21% stack of the company. Promotors have pledged their 6.28% holding , which is the only negative thing so far.
Competitors in the market
- Sterlite Technologies Limited
- Finolex Cables Limited
- Kec International Ltd. (Rpg Enterprises),
- Apar Industries Ltd.
- Aksh Optifibre
- Polycab India Limited
- Vindhya Telelinks Ltd. (Mp Birla Group)
- Universal Cables Ltd. (Mp Birla Group)
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#Investement #sharemarket #birlacable
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