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Aditya Birla Group proposes $1.26 billion expansion of Odisha alumina refinery
Aditya Birla Group plans a significant expansion for its Odisha alumina refinery. The company will invest an additional $1.26 billion to triple its current capacity. This substantial investment will bring the total proposed expenditure to about $2.1 billion. The expansion project will be managed by the group entity Hindalco Industries. This development aims to significantly boost alumina production in the region.
Poly Medicure among 4 stocks that closed below VWAP
Four Nifty500 stocks, Poly Medicure, Aditya Birla Real Estate, Siemens Energy India, and Onesource Specialty Pharma, closed over 2% below their VWAP on July 3, indicating potential bearish momentum and heightened selling pressure, according to technical scan data.
Lenders temper Vi business plan, seek group's guarantor for massive loan
Lenders are prevailing upon the company to scale back its financial projections, while also demanding a corporate guarantee from another Aditya Birla Group firm, according to two people aware of the development.
Buy Lodha Developers, Aditya Birla Real Estate; organised players to benefit from housing market consolidation: Siddhartha Khemka
India's real estate market is seeing a K-shaped recovery, with major developers outperforming smaller ones. Leading companies are gaining market share due to strong finances and execution, while new project launches are consolidating among well-capitalised players.
Lodha, Aditya Birla Real Estate Preferred Over DLF, Godrej Properties — Check Target Prices, Ratings by Motilal Oswal
Most real estate players in the sector are now trading at a 10-35% discount to their respective NAVs
CCI Clears Aditya Birla-Led Consortium's Rs 16,660 Crore Buyout Of IPL Team RCB
In November last year, USL said it would conduct a strategic review of its investment in RCSPL, the entity that owns the IPL T20 team Royal Challengers Bengaluru.
Aditya Birla Real Estate Ltd Spikes 1.52%
Aditya Birla Real Estate Ltd has added 7.58% over last one month compared to 5.2% gain in BSE Realty index and 2.98% rise in the SENSEX
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Diamonds shine as gold buyers adapt to price volatility
As Indian consumers face rising gold import duties and erratic prices, they are changing their buying habits for jewellery. The Indriya brand reports an uptick in diamond-studded items, alongside an increase in old gold exchanges. Meanwhile, Aditya Birla Jewellery is shifting its focus from the classic 4Cs to sparkle, aiming to resonate with the younger audience eager for fresh trends.
Meta Infotech bags Rs 5-cr software subscription orders
Meta Infotech announced that it has secured fresh and renewal orders aggregating Rs 5.43 crore from a leading real estate company and its group entities, a life insurance company, and one of the largest private sector banks.
Indian Equities To Broaden Beyond Megacaps: Market Expert Bets On AI, Select Mid And Small Caps
Harish Krishnan, CIO Equity, Aditya Birla Sun Life AMC Ltd.
Stocks To Buy Today: Kush Bohra Recommends Aditya Birla Capital, IKS And More — Check Target Price
Technical analyst Kush Bohra shares his top picks for the day.