Aditya Birla Group Stocks On Fire Vodafone Idea Aditya Birla Fashions Retail Stock Jumps 10 Percent In Days Trade

Aditya Birla Group Stocks: Till now, the Indian stock market has seen the success of Tata, Ambani and Adani group companies. But after the excellent response from institutional investors to Vodafone Idea's Rs 18,000 crore FPO, there was strong movement in the stocks of Aditya Birla Group companies on Tuesday, April 23, 2024. A spectacular rise was seen in the shares of the group's companies listed on the stock exchange. The stocks of Vodafone Idea and Aditya Birla Fashions closed with a rise of more than 10 percent. So there was strong growth in AB Capital and Grasim also.

Vodafone Idea filled with enthusiasm

The Rs 18,000 crore FPO of Aditya Birla Group's telecom company Vodafone Idea, in which the group is the promoter, has received a better response than expected. The FPO has been subscribed 7 times more than its size, after which the stock of Vodafone Idea is trading at Rs 14.3 with a jump of almost 11 percent. Vodafone Idea is going to raise Rs 45000 crore through equity-debt. In such a situation, the question is being raised whether Vodafone Idea's financial crisis is going to be averted after FPO.

Aditya Birla Group stocks rise

The stock of Aditya Birla Fashion and Retail, the retail company of Kimar Mangalam Birla's Aditya Birla Group, has also seen a strong rise. The company's shares closed at the level of Rs 263.5 with a rise of 9.4 percent. The stock of Aditya Birla Capital Limited closed at Rs 216.85 with a jump of 7 percent. Aditya Birla Money Limited closed at Rs 128.25 with a jump of 5 per cent and group asset management company Aditya Birla Sunlife AMC closed at Rs 530.1 with a jump of 3.7 per cent. The stock of Grasim, which recently entered the bents business under the name of Birla Opus brand, also closed at Rs 2370.15 with a rise of 3.9 percent.

Market cap reached Rs 7.25 lakh crore

There has been a decline in the stocks of only two companies of the group. Metals company Hindalco fell by 1.1 per cent to close at Rs 611.8 and cement company UltraTech Cement fell by 0.3 per cent to close at Rs 9533.55. But after strong growth in most of the group companies, the market cap of Aditya Birla Group companies reached Rs 7.25 lakh crore. has reached.

read this also

Reliance shares can make investors rich, after excellent results brokerage houses advised to buy the stock.