Promoters held 66.35 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.07 per cent, DIIs 0.01 per cent.

Axis Securities has buy call on Birla Cable with a target price of Rs 157. The current market price of Birla Cable Ltd. is Rs 150.1. Time period given by analyst is 1 week when Birla Cable Ltd. price can reach defined target.

Birla Cable Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 456.15 Crore) operating in Cables sector.

Birla Cable Ltd. key Products/Revenue Segments include Telecom Cables & Cables/Wires for Telecom Switching Equipment, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 143.47 Crore, up 3.81 % from last quarter Total Income of Rs 138.20 Crore and up 68.49 % from last year same quarter Total Income of Rs 85.15 Crore. Company reported net profit after tax of Rs 4.49 Crore in latest quarter.

Investment Rationale
On the weekly and monthly chart, the stock continue to scale forming a series of higher tops and bottoms

Promoter/FII Holdings
Promoters held 66.35 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.07 per cent, DIIs 0.01 per cent.

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Buy Birla Cable, target price Rs 157: Axis Securities

Birla Cable Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 456.15 Crore) operating in Cables sector.

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