Recommendation from Diversified sectors

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

CENTURY TEXTILES & INDUSTRIES LTD
CMP - ₹1,181.45
BSE CODE 500040
Volume 1,30,449
Face Value ₹10
Target ₹1,280 - 1,335
Stoploss ₹1,147 (CLS)

Since its inception in 1897 as a singleunit textile entity, Century Textiles and Industries Ltd has undergone a remarkable evolution, emerging as a formidable force with diversified interests across various industries. A part of the Aditya Birla Group, the business entity stands out as a pioneer in the field of cotton textiles and boasts a significant presence in the pulp and paper as well as real estate sectors. The company showcased robust annual performance in FY23, experiencing a remarkable 16 per cent surge in revenue and an impressive 63 per cent climb in net profit, reaching ₹271.88 crore. However, the latest quarter depicted a noticeable downturn, marking a 10 per cent decline from ₹1,232.53 crore in Q2FY23. The quarter's total revenue stood at ₹1,103.07 crore in Q2FY24, accompanied by a considerable drop in net profit. Shares have surged by around 70 per cent year-to-date and are currently trading at ₹1,181 pershare, with a 52-week high of ₹1,255 on the BSE. Considering the upside potential, we recommend BUY

Birla Corporation Ltd CMP - ₹1310.20
BSE CODE 500335
Volume 2,860
Face Value ₹10
Target ₹1,440 - 1,470
Stoploss ₹1,280 (CLS)

I ncorporated in 1919, Birla Corporation Limited, the flagship company of the M.P. Birla Group, has transformed from a manufacturer of jute goods to a leading multi-product corporation with diverse activities. The company is primarily engaged in the manufacturing of cement as its core business activity today. Considering the company’s financial performance, on a consolidated basis, it reported a notable growth of 14.3 per cent from ₹1,999.83 crore registered in Q2FY23, recording total revenue of ₹2,285.83 crore in Q2FY24. The net earnings for the second quarter of FY24 showed a significant recovery, shifting from a loss of ₹56.46 crore in the same quarter last year to a net profit of ₹58.37 crore. Shares have soared approximately 47 per cent over the past year and are currently trading at a 52-week high of ₹1,374 as of thetime of writing. Given the robust financial performance, strong parental support, and potential for growth, our recommendation is to BUY.