Apr 18, 2012, 10.28 PM IST | Source: CNBC-TV18

Kumar Mangalam Birla affirms faith in India story

Following YC Deveshwar’s belief in the India story, Kumar Mangalam Birla, chairman, Aditya Birla Group, is confident India will emerge from the current mess, reports CNBC-TV18

Kumar Mangalam Birla, Chairman, Aditya Birla Group

Following YC Deveshwar 's  belief in the India story, another influential corporate leader has declared his faith in India. Kumar Mangalam Birla, chairman, Aditya Birla Group , is confident India will emerge from the current mess, reports CNBC-TV18.

"This is a bad patch that we are going through and we are already seeing a change for the better. I'm very hopeful and confident that things will look up," he said.

He refuses to be lured by overseas markets ever after the confusing policy scenario in India. "We have large projects worth close to USD 10 billion under implementation in the country. So that is a vote of confidence for India as far as we are concerned."

Aditya Birla stock price

On April 17, 2014, Aditya Birla Money closed at Rs 14.26, down Rs 0.3, or 2.06 percent. The 52-week high of the share was Rs 19.85 and the 52-week low was Rs 10.60.

The latest book value of the company is Rs 4.97 per share. At current value, the price-to-book value of the company was 2.87.

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