by Ritmbarah Arora

Birla Corporation: The share price of Birla Corporation skyrocketed 8.2% to Rs 527.6 for the second consecutive trading session. Around 3.1 million shares in volume have been traded so far. The stock price is up 36.5% since the last week and 28.1% since the last month, per Trendlyne data.

The stock price of cement companies has been on a rise since yesterday amid hopes that easing of lockdown measures may give boost to construction activity. Birla Corporation reported a net profit of Rs 194.7 crore in Q4FY20, up 51.9% from Rs 128.2 crore in the year ago period. Net sales was reported at Rs 1,689.9 crore in March 2020, down 9.8% from Rs 1,872.8 crore in March 2019. EBITDA stood at Rs 372.7 crore in the fourth quarter ending March 2020, up 11.6% from Rs 333.9 crore in Q4FY19. Dolat Capital is bullish on Birla Corporation and has recommended ‘buy’ rating on the stock with a target price of Rs 650 in its research reported dated May 23, 2020. Birla Corporation is listed in 36 screeners on Trendlyne against 29 screeners yesterday.

MMTC: The share price of MMTC surged 9.4% to Rs 15.2 while around 3 million shares in volume have been traded so far. The stock price increased 7.5% since the last week and has fallen 1% since the last month. MMTC is listed in 30 screeners on Trendlyne.

EID Parry (India): The stock price of EID Parry (India) jumped 6.3% as of this writing. Around 3.4 lakh shares in volume have been traded so far. The share price soared 11.3% since the last week and 19.9% since the last month. The company is listed in 33 screeners on Trendlyne.

Mahindra Holidays & Resorts: The share price of Mahindra Holidays & Resorts rose 6% to Rs 160. The number of stocks traded so far is around 40,487. The stock price gained 7.3% since the last week and 19.7% since the last month.

Mahindra Holidays & Resorts had reported a consolidated loss after tax of Rs 161.5 crore for the fourth quarter ending March 31, 2020 versus a consolidated profit of Rs 52.4 crore in the same period, last year. Revenue from operations were at Rs 616.6 crore as compared to Rs 634.6 crore in the year-ago period. The company is listed in 30 screeners on Trendlyne.

Johnson Controls-Hitachi Air Conditioning India: The stock price of Johnson Controls-Hitachi Air Conditioning India zoomed 5.9% to Rs 2,338 as of now. Around 11,672 shares in volume have been traded so far. The share price increased 11.8% since the last week and 14.1% since the last month. The company is listed in 26 screeners on Trendlyne.