Espresso shot of the day – Birlasoft Ltd up by 8.52 percent

EspressoLogy

Espresso shot of the day – Birlasoft Ltd up by 8.52 percent

November 17, 2021
Espresso shot of the day – Birlasoft Ltd up by 8.52 percent

BIRLASOFT LTD 475.70  (+8.52%) BSE – INE836A01035 | 17TH NOVEMBER 2021

Birlasoft combines the power of domain, enterprise, and digital technologies to reimagine business processes for customers and their ecosystem. Its consultative and design thinking approach makes societies more productive by helping customers run businesses. As part of the multibillion-dollar diversified CK Birla Group, Birlasoft with its 12,000+ professionals, is committed to continuing the Group’s 159-year heritage of building sustainable communities. They strive to exceed the expectations of their customers by providing defect free products and value added service through innovative solutions. They accomplish this objective by leveraging practices of CMMI DEV, CMMI SVC, ISO 9001, Lean, Six Sigma and ITIL.

Recent Drivers

  • On Nov 10, 2021, Birlasoft announced that it has achieved Oracle Validated Integration with JD Edwards Enterprise One Expertise for its integration of AutoPack - a package automation tool that can eliminate redundancy in the entire package management cycle.
  • On Nov 6, 2021, Birlasoft witnessed increased new deal wins as cross-selling picked up across key clients in the US and Europe – which account for 90% of its turnover.
  • On Nov 2, 2021, the company worked on a new strategy to build on market’s growth momentum.
  • On Oct 26, 2021, the company reported a 49.2 per cent rise in consolidated net profit to Rs 103.1 crores for the September 2021 quarter.
  • On Oct 26, 2021, the company’s revenue from operations grew 18 per cent to Rs 1,011.7 crore in the period under review from Rs 857.5 crores a year ago.

(Sources: Business Lines, Business Standard, Economic Times)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.40%
  • Traded on all time High Value 480.00
  • Spurt in Volume by more than 4.54 times compare to previous vol. 3 months avg. volume: 1,55,719
  • Quantity traded: 66,4,169 | Deliverable quantity: 1,43,195 (21.56%)
  • Stock price jumped by more than 165 % from one-year low level: 179.20 (Nov 23, 2020)
  • Daily RSI (14) is at Overbought territory today
  • 52-week-high: 480.00 | 52-week-low: 179.20


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 561.05

418.50

332.70

190.15

104.35

-

-

    -

Fibonacci Pivot

418.50

331.27

277.38

242.67

190.15

137.63

102.92

49.03

    -


Today’s Close

475.70

SMA

BSE

10 DAY

427.02

20 DAY

418.35

50 DAY

418.65

200 DAY

342.97


Some Key Ratios (Source: BSE)

Market Cap: 13,219.48 crores

PE: 51.53

OPM%: 25.65

ROE%: 17.44

Promoters holding%: 40.66

Prev. Close: 438.35

Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.



Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.