Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Aditya Birla Capital raises ₹4,000 crore from promoters, IFC via preferential share allotment
Aditya Birla Capital raised ₹4,000 crore via a preferential share allotment to promoters Grasim Industries and Suryaja Investments, and to IFC.
Aditya Birla Capital allots 11.23 cr equity shares on preferential basis
1. 8,08,94,331 equity shares of face value of Rs 10 each at an issue price of Rs 356.02 for an aggregate amount of Rs 2879.99 crore to Grasim Industries, the promoter of the company.
Street Signals: Technical charts point to further upside for Nifty
Indian stock markets are showing a positive outlook, with analysts predicting the Nifty could climb towards 24,300-24,600. Key support levels are identified around 23,700-23,900, encouraging investors to buy on dips. Several stocks, including Britannia Industries, Grasim Industries, Aditya Birla Capital, Premier Energies, Bharat Electronics, and Eternal, are highlighted as top picks for the week, with specific buy recommendations and targets.
Grasim approves Rs 3,000 cr expansion of Harihar Lyocell Plant
Grasim Industries will invest ₹3,094 crore to expand its Lyocell plant in Harihar, Karnataka. This expansion will significantly boost its advanced fibre capabilities. The project will add 110,000 tonnes capacity, making Grasim a global leader in sustainable man-made cellulosic fibres. The plant's first phase is set for commissioning by mid-2027, with the second phase to follow in 2028 and 2030.
Grasim announces ₹3,094-cr investment for lyocell capacity expansion in Karnataka plant
The expansion will add 110,000 TPA capacity at Harihar; total cellulosic staple fibre capacity slated to exceed one million tonnes annually by 2030. Grasim Industries, a Aditya Birla Group company, shares closed at ₹3,060.30 on the NSE on June 8, down 0.89%, or ₹27.40.
Aditya Birla Group stocks: Grasim hits new peak; Voda Idea up 46% in 1-mth
Grasim is the flagship company of Aditya Birla Group, which is led by Kumar Mangalam Birla; while, the group holds substantial stake in Vodafone Idea.
Aditya Birla Capital plans to use Rs 3,500 crore to drive business growth
Aditya Birla Capital plans to invest Rs 3,500 crore from its recent fundraise into business expansion. Another Rs 500 crore will support general corporate needs and subsidiary investments. The company is raising Rs 4,000 crore through a preferential issue. Grasim Industries will contribute Rs 2,880 crore. IFC will invest Rs 920 crore.
Stocks to buy in 2026 for long term: Jubilant FoodWorks, Grasim among 5 stocks that could give 10-30% return
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
Gainers & Losers: Ola Electric, Protean eGov among 6 top stock movers on Thursday
Domestic equity markets ended lower on Thursday. Ola Electric and Jubilant FoodWorks declined sharply, while Protean eGov, Grasim Industries and Apollo Hospitals gained.
Aditya Birla Capital Approves Rs 4,000-Cr Share Issuance; Promoter Grasim Leads Infusion
Aditya Birla Capital plans to raise Rs 2,880 crore from promoter Grasim Industries.
Q4 Results Live Updates: Lenskart, Grasim Industries, Ola Electric To Report Earnings Today
Lenskart, Grasim Industries, Ola Electric Mobility, Apollo Hospitals among the companies set to report earnings today.
Q4 results 2026: Lenskart to Grasim among companies to declare Q4 results today; check full list here - Mint
Q4 results 2026: Lenskart to Grasim among companies to declare Q4 results today; check full list hereMint