ADITYA BIRLA CAPITAL DIGITAL
High-flying PSU mutual funds lose 3% in one month. What should investors do?
PSU mutual funds, which showed strong returns of around 97% in the last year, experienced a decline of about 3% in the past month. Analysts attribute this to profit booking. Investors are advised to maintain a long-term investment strategy and diversify their portfolios for risk management.
Aditya Birla Sun Life Quant Fund NFO collects over Rs 2,400 crore
Aditya Birla Sun Life Quant Fund's NFO raised Rs 2,416 crore, attracting 1,23,762 investors. It's an open-ended equity scheme based on Quant themes. NFO ran from June 10-24, with allotment on June 28 and reopening for subscription on July 1.
Green jobs in textile can become the largest job opportunity in India: Aditya Birla Fashion’s Naresh Tyagi
As the world of textile rapidly moves towards becoming sustainable, it also seeks skills for the same. India, which is one of the largest textile manufacturers, can create a big pool of green talent.
Federal Bank, Bharat Forge among 6 midcap stocks that hit new 52-week highs on Thursday
Indian headline equity indices were mostly muted on Thursday as investors booked profits after the benchmarks hit record highs this week, and as financial and pharmaceutical stocks dragged. Meanwhile, in today's trading session, six midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:
Aditya Birla Capital to sponsor Indian team at Paris Olympics 2024
Aditya Birla Capital has partnered with the Indian Olympic Association as the Official Sponsor of Team India at the Paris Olympics 2024. The partnership includes launching a marketing campaign featuring India’s leading athletes and brand activations to generate nationwide support for the Indian Olympic contingent.
F&O stocks: IDFC First Bank, Aditya Birla Capital among 5 stocks with long buildup
Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.
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A small allocation to quant theme may be worth a try
Experienced equity mutual fund investors can consider allocating to Aditya Birla Sun Life Quant Fund NFO managed by Harish Krishnan. New investors should stick to diversified equity mutual funds. The NFO closes on June 24 with a 0.5% exit load.
Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Quant Fund
Aditya Birla Sun Life has launched Aditya Birla Sun Life Quant Fund, an open-ended equity scheme following Quant-based investment theme. The New Fund Offer (NFO) is open for subscription and will close on June 24.
Hindalco defers Novelis’ $945 mn US listing
Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.
Buy Aditya Birla Capital, target price Rs 270: ICICI Securities
Aditya Birla Capital Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 59683.50 Crore) operating in NBFC sector.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
F&O Ban: ABFRL, Vodafone among 4 stocks under trade ban on Thursday
On Thursday, ABFRL, GMR Airports Infrastructure, Hindustan Copper, and Vodafone Idea are under the F&O trade ban, while Piramal Enterprises exited the ban. GMR Airports Infrastructure is a new addition. Stocks enter the ban when OI exceeds 95% of MWPL and exit when it falls below 80%
Hindalco's US arm Novelis to list on NYSE in 2 weeks
Novelis IPO: Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.
ABFRL Q4 Results: Net loss widens to Rs 266.35 crore YoY
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL).
These two equity mutual fund categories offered negative returns in 3 month
Equity mutual fund categories - technology and pharma have lost up to 4% in the last three months, shows data. While technology-based funds have lost around 4.11%, the pharma and healthcare funds are down about 0.09% in the same period.
Aditya Birla Group crosses $100 billion market capitalization milestone
The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.
JSW Group's paint biz turns profitable; aims Rs 5,000 cr sales by FY26
JSW Paints, a leading Indian paints company, has crossed Rs 2,000 crore in revenue in FY24 and achieved its first operating profit in five years. The company aims for Rs 5,000 crore revenue in the next two years by expanding its retail presence in the home decorative business and adding more products in the industrial coating business. JSW Paints is aiming to grow faster than the market, with a target of 5 to 10 times the market growth. The company has a network of 6,000 retailers across the country and has invested Rs 900 crore in its decorative and industrial coating business.
F&O Ban List: Aditya Birla Capital, PNB, Vodafone Idea among 13 stocks under trade ban on Thursday
Thirteen stocks, including Aditya Birla Capital and Zee Entertainment, are under the F&O trade ban due to MWPL and OI criteria. Indian indices closed higher on Wednesday, with Sensex gaining 267 points and Nifty surging 69 points.
Grasim Q4 revenue at record Rs 37,727 crore
While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.
Vi board approves allotment of equity shares worth Rs 2,075 crore to ABG entity
Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Traditional financial services catch the super app bug
Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Group have already rolled out such superapps for everything from shopping to payments and credit under one roof.
JSW Steel, Aditya Birla Capital among 5 stocks with top long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Saturday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Rivals’ pricing tactics won’t impact Asian Paints’ plans: CEO
Asian Paints stays committed to investing in brand value and capacity expansion, unfazed by new market entrants' pricing strategies. The company's growth outlook remains positive, with a focus on customer loyalty, retail expansion, and strategic investments.
Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.
Paytm’s lending biz in trouble; inside Tata Digital’s top-level churn
Happy Wednesday! Paytm’s lending business has hit a roadblock as partner NBFCs have stopped issuing loans. This and more in today’s ETtech Morning Dispatch.
Smallcaps’ resilient show in April has 500 stocks offering double-digit returns. How to navigate May
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
Aditya Birla Capital looks set to gain from loan expansion, digital initiatives
ABCL is the financial division of the Aditya Birla group, which holds around 69% stake in the company. It offers financial services across diverse segments including corporate and personal loans, housing finance, life and health insurance, and investments through various subsidiaries.
Aditya Birla Capital seeks to double customer base through new digital app
Aditya Birla Capital Ltd (ABCL), a non-banking finance company of the $65 billion cement to fashion group, plans to double its customer base in three years through a new digital application. The application will allow the company to lend, sell insurance, and offer payment solutions to customers, doubling its current 35 million.
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