Aditya Birla Capital witnesses value buying

Capital Market 

Aditya Birla Capital jumped 4.22% to Rs 67.90, amid bargain buying after sliding in the past two sessions.

The stock had tumbled 5.4% in the past two sessions to end at Rs 65.15 yesterday, from its recent closing high of Rs 68.85 recorded on 23 October 2020.

On a year-to-date (YTD) basis, the stock has slumped 33.64% while the benchmark S&P BSE Sensex lost 2.34% during the same period.

Aditya Birla Capital's board will consider Q2 results on 5 November 2020. The company reported 26.5% drop in consolidated net profit to Rs 198.38 crore on a 10.2% rise in total income to Rs 4092.02 crore in Q1 FY21 over Q1 FY20.

Aditya Birla Capital is an investment company. The firm, through its subsidiaries, provides financing, investment, protection and advisory services to its customers and clients.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 28 2020. 11:44 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU