Shares of Birla Group's Aditya Birla Capital gained in trade on Wednesday, June 11, as a block deal worth around Rs 568 crore took place on the bourses.
Around 2.34 crore shares, which represent 0.9 percent of the equity worth Rs 568 crore, changed hands at Rs 242.7 per share, in a block deal window.
Jomei Investments, a special purpose vehicle of Advent International Corporation, had initiated a block deal on Tuesday, June 10, to sell a 1.4 percent stake in Aditya Birla Capital, according to sources familiar with the matter.
The deal was valued at approximately Rs 856 crore. The floor price has been fixed at Rs 237.80 per share, which represents a two percent discount to the stock’s closing price in the previous trading session, the sources said to CNBC-TV18.
At 9.20 am, shares of the firm were quoting Rs 247.2, higher by 1.9 percent.
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Global brokerage firm Macquarie said that Aditya Birla Capital stock has the potential to double in the next three years. Macquarie maintained an "outperform" rating on Aditya Birla Capital, setting a 12-month target price of Rs 260 per share.
The brokerage attributed the recent underperformance to a slowdown in ABCL’s personal loan segment, primarily due to operational disruptions with a key fintech partner. Additionally, rising credit costs have impacted profitability, with return on assets (ROA) slipping from 2.4 per cent in June 2023 to the current 2 per cent.
Aditya Birla Capital reported a net profit of Rs 864.60 crore for the fourth quarter of the financial year 2025. This marks a fall of nearly 31 percent from the Rs 1,245.41 crore net profit reported in the corresponding quarter of the previous financial year.
However, the previous year's fourth quarter net profit included a one-time gain, barring which the figure would have stood at Rs 812 crore. Revenue from operations meanwhile rose to Rs 12,238.92 crore
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