According to a Citi report, Sushil Agarwal's move to pare his stake to 1.55 percent from 3.3 percent could weigh on Aavas Financiers' stock further
JP Morgan has maintained a buy rating on Grasim Industries and has raised the target price from Rs 1250 to Rs 1350 and feels that listing of Aditya Birla Capital can help unlock significant value for merged Grasim shareholders over the next one year.
Diversified Aditya Birla Nuvo has planned a capital expenditure of Rs 650 crore in the current financial year, more than twice it spent last year.