Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Aditya Birla Group seen as front-runner in $1.7-billion-plus deal for Shell’s Sprng Energy: report
Aditya Birla Group has emerged as front runner to buy Shells Indian renewable platform Sprng Energy for over $1.7 billion, edging KKR, though talks remain ongoing and non-binding.
India Inc deepens AI adoption to stay ahead of legal curve
Major Indian corporations are swiftly integrating artificial intelligence into their legal departments. This approach is enhancing the efficiency of contract assessments, monitoring compliance and automating routine legal tasks. Firms such as the Aditya Birla Group and Adani Group are harnessing AI technologies to reduce legal expenditures and optimise operations.
How an extension of Gurugram is becoming Delhi NCR’s next real estate hotspot
Sohna is rapidly transforming from an emerging extension of Gurugram into a fast-growing housing market within Delhi NCR. Improved infrastructure, including the Delhi-Mumbai Expressway, and shifting buyer preferences for larger homes and better quality of life are driving this significant residential and investment growth.
Aditya Birla Fashion: Motilal Oswal Trims Target Price Despite Strong Q4 Results — Here's Why
Aditya Birla Fashion delivered a strong Q4, with 16% YoY revenue growth and 29% YoY comparable Ebitda growth, driven by a healthy growth in Pantaloons and losses reducing in TCNS and TMRW.
Aditya Birla Fashion Q4 net loss widens to Rs 163.8 cr
The company had posted a net profit of Rs 23.55 crore a year ago, according to a regulatory filing by Aditya Birla Fashion and Retail Ltd (ABFRL).
Aditya Birla Fashion Q4 sees sharp rise in net loss at ₹148 crore; revenue up 16%
EBITDA declined 3.6% to ₹197.4 crore from ₹204.9 crore in the year-ago quarter. The EBITDA margin narrowed to 9.9% from 11.9% YoY. Shares of Aditya Birla Fashion and Retail Ltd ended at ₹67.46, down by ₹0.050, or 0.074%, on the BSE today, May 25.
Quantum AMC’s Christy Mathai sees private banks, insurance as long-term bets amid earnings risks
Christy Mathai, Fund Manager-Equity at Quantum AMC, believes elevated crude and input costs could lead to earnings downgrades across sectors over the next year, especially in consumer discretionary. Despite near-term uncertainty, he remains constructive on private banks, life insurance and select real estate plays from a longer-term perspective. Mathai also said valuations in power and data centre-related themes remain expensive despite strong structural growth opportunities.
Aditya Birla Capital Plans To Use Rs 3,500 Crore To Drive Lending Business Growth
Earlier this week, the financial services arm of Aditya Birla Group announced a Rs 4,000 crore preferential issue of equity shares to the group companies and International Finance Corporation (IFC).
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.
Aditya Birla Fashion among 5 stocks flashing bullish signals, hinting at a possible uptrend
Five Nifty500 stocks that gained over 5% appeared on the White Marubozu bullish scanner on May 21, signalling strong buying momentum. The candlestick pattern reflects sustained bullish pressure throughout the session, indicating buyers dominated price action and suggesting a potential continuation of the uptrend in the near term.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.