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The stock traded at a P/E multiple of 8.28, while the price-to-book value ratio stood at 2.36.

Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns. Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues to recover, although similar price jumps are unlikely, analysts and traders say.

Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 11111.87 Crore) operating in Cement sector.

The brokerage has a target of Rs 2270 on the stock, suggesting a 5 per cent upside from current levels. The figure is, however, below 47 per cent from the all-time high level of Rs 3,348.

"We are looking upon more headwinds than tailwinds now," says the Zerodha CIO

As of 30-Sep-2021, promoters held 0.0 per cent stake in the company, while FIIs held 41.47 per cent and domestic institutional investors had 30.77 per cent.

Among them, analysts are largely bullish on Tata Motors even as the stock has been the top Nifty50 performer of 2021.

The Relative Strength Index of the stock stood at 44.77 on Friday.

The stock quoted a 52-week high price of Rs 269.7 and a 52-week low of Rs 74.5.

A total of 1,298 shares changed hands on the counter till 12:48PM (IST)