Latest news with #AdityaBirlaCapital
Mint
a day ago
- Business
- Mint
Muthoot Finance, BEL to MCX: 19 Nifty 500 stocks hit 1-year highs this week amid geopolitical uncertainty
Stock market today: The Indian stock market remained range-bound this week as tensions in West Asia continued to keep investor sentiment fragile toward risky assets. The conflict between Iran and Israel, which showed no signs of de-escalation as it entered its eighth day, has pushed crude oil prices higher and dampened sentiment in India. Crude prices jumped nearly 3% on Thursday after Israel reportedly bombed nuclear targets in Iran, prompting retaliatory missile and drone strikes by Iran, including an attack on an Israeli hospital overnight. With prices staying elevated, crude is set to end the week with healthy gains, marking its third straight weekly advance. Meanwhile, all eyes are on the White House as President Donald Trump weighs launching direct military strikes on Iran, with a decision expected within two weeks. In response, Russia has warned the United States against taking military action, adding to the geopolitical uncertainty. While the heightening geopolitical tensions keep the markets wary, the lack of domestic triggers has also failed to provide fresh momentum for the bulls. Meanwhile, rich valuations in the mid- and small-cap segments have raised caution among investors, resulting in sharp corrections over the past few sessions." Foreign portfolio inflows have also been unsupportive, fluctuating throughout the week. While domestic institutional investors have offered some support, it hasn't been enough to lift the markets decisively higher. Amid ongoing market volatility, 19 stocks from the Nifty 500 index managed to touch fresh 52-week highs this week. Notably, most of these names came from the mid- and small-cap segments, outperforming the broader market. NBFC stocks have led the rally, boosted by the RBI's surprise 50 basis point cut in the repo rate and a 100-basis point reduction in the CRR. This has improved investor sentiment, with expectations that enhanced system liquidity will drive a sharp uptick in vehicle loans. Additionally, the hike in loan-to-value (LTV) ratio for gold loans has fueled a rally in gold-focused NBFCs. Scrip Name 52-week high price Muthoot Finance ₹ 2,669.90 Authum Investment ₹ 2,591.80 Au Small Finance Bank ₹ 808 Aditya Birla Capital ₹ 259.42 Max Financial Services ₹ 1,606.10 Navin Fluorine International ₹ 4,795.50 Multi Commodity Exchange ₹ 8,029.50 Redington ₹ 309.95 Bharat Electronics ₹ 407.50 Solar Industries ₹ 17,300 Lloyds Metals & Energy ₹ 1,545.50 Max Healthcare ₹ 1,256.20 Intellect Design Arena ₹ 1,255 Karur Vysya Bank ₹ 253.50 Narayana Hrudayalaya ₹ 1,957 Laurus Labs ₹ 683 JK Cement ₹ 6145 The Ramco Cements ₹ 1,082.50 Manappuram Finance ₹ 284.90 Source: Trendlyne Select defence and pharma stocks have also continued their upward momentum. In the previous trading session, NBFC stocks like Muthoot Finance, Authum Investment & Infrastructure, Aditya Birla Capital, and Max Financial Services hit their respective 52-week highs. Other stocks that touched their one-year peaks this week include Navin Fluorine, MCX, Redington, defense majors like Bharat Electronics and Solar Industries, as well as Lloyds Metals & Energy, Max Healthcare, Karur Vysya Bank, Intellect Design Arena, Laurus Labs, JK Cement, The Ramco Cements, and Manappuram Finance. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, 'Nifty, which has been trading within the 24500-25000 range for about a month now, is likely to remain within this range in the near term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war.' There is uncertainty on this. The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85, the lower band of the range will be broken. "A distinct feature of the market trend visible in yesterday's trade was the weakness in the broader market. While Nifty remained almost flat, SMIDs cracked, with the small-cap index correcting sharply by 2%. This trend of weakness in the broader market is likely to continue since they are excessively valued, and the ongoing risk-off can lead to further selling in this segment. Money may move from the overvalued SMIDs to the fairly valued, safe large caps in financials, industrials, autos, and real estate," he further added. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
11-06-2025
- Business
- Economic Times
Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr
Mirae Asset MF, BlackRock, and Goldman Sachs, among others, on Wednesday bought nearly a 1 per cent stake in financial services company Aditya Birla Capital for Rs 568 crore through open market transactions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mirae Asset MF, BlackRock, and Goldman Sachs, among others, on Wednesday bought nearly a 1 per cent stake in financial services company Aditya Birla Capital for Rs 568 crore through open market Oswal Mutual Fund (MF), Edelweiss MF, HSBC MF, New York State Teachers Retirement System, Dublin-based Mediolanum International Funds, and investment management firm Eaton Vance were among the buyers of Aditya Birla Capital 's shares, as per the block deal data available on the Vance is part of the Morgan Stanley Investment Management (MSIM). MSIM is the asset management division of US-based Morgan entities purchased 2.34 crore equity shares or 0.9 per cent stake in Mumbai-based Aditya Birla Capital at an average price of Rs 242.65 apiece, taking the aggregate deal value to Rs 567.80 private equity firm Advent International through its special purpose vehicle Jomei Investments offloaded an equal number of shares in Aditya Birla Capital (AB Capital).Following the share sale, the stakeholding of Jomei Investments in AB Capital dipped to 2.94 per cent from 3.84 per shares of Aditya Birla Capital rose 1.46 per cent to close at Rs 246.25 per piece on the September 2019, AB Capital said that it had received approval from its board to raise primary equity capital of Rs 2,100 crore through a preferential allotment to certain marquee investors, including Advent International, and the company's promoters.
Time of India
11-06-2025
- Business
- Time of India
Mirae Asset MF, BlackRock, others buy nearly 1% stake in AB Capital for Rs 568 cr
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mirae Asset MF, BlackRock, and Goldman Sachs, among others, on Wednesday bought nearly a 1 per cent stake in financial services company Aditya Birla Capital for Rs 568 crore through open market Oswal Mutual Fund (MF), Edelweiss MF, HSBC MF, New York State Teachers Retirement System, Dublin-based Mediolanum International Funds, and investment management firm Eaton Vance were among the buyers of Aditya Birla Capital's shares, as per the block deal data available on the Vance is part of the Morgan Stanley Investment Management (MSIM). MSIM is the asset management division of US-based Morgan entities purchased 2.34 crore equity shares or 0.9 per cent stake in Mumbai-based Aditya Birla Capital at an average price of Rs 242.65 apiece, taking the aggregate deal value to Rs 567.80 private equity firm Advent International through its special purpose vehicle Jomei Investments offloaded an equal number of shares in Aditya Birla Capital (AB Capital).Following the share sale, the stakeholding of Jomei Investments in AB Capital dipped to 2.94 per cent from 3.84 per shares of Aditya Birla Capital rose 1.46 per cent to close at Rs 246.25 per piece on the September 2019, AB Capital said that it had received approval from its board to raise primary equity capital of Rs 2,100 crore through a preferential allotment to certain marquee investors, including Advent International, and the company's promoters.
Mint
11-06-2025
- Business
- Mint
Aditya Birla Capital shares rise nearly 3% to 52-week high despite Advent's partial stake sale worth ₹568 crore
Shares of Aditya Birla Capital surged nearly 3 percent in intraday trading on Wednesday, June 11, touching a fresh 52-week high of ₹ 249.80, even as private equity major Advent International partially exited its holding through a block deal. The transaction saw around 2.34 crore shares, equivalent to a 0.9 percent stake and valued at approximately ₹ 568 crore, change hands at ₹ 242.70 per share. According to media reports, Jomei Investments—Advent International's special purpose vehicle—had initiated a larger block deal a day earlier, on Tuesday, June 10. The deal was set to offload a 1.4 percent stake in Aditya Birla Capital, pegging the total transaction value at around ₹ 856 crore. The floor price for the deal was fixed at ₹ 237.80 per share, representing a 2 percent discount to the stock's closing price in the previous session. Despite the discounted pricing and sizeable deal, the stock remained resilient, reflecting continued investor confidence in the company's fundamentals and growth outlook. As of March 2025, Advent held a 3.84 percent stake in Aditya Birla Capital. The latest transaction marks a partial exit and the offloaded shares will be under a 30-day lock-in period. Advent originally invested ₹ 1,000 crore in 2020 through a preferential allotment of 10 crore equity shares at ₹ 100 each. Based on the current floor price of ₹ 237.80, Advent stands to clock an impressive return of 138 percent on its initial investment. Aditya Birla Capital's stock has been on a steady uptrend, rising 68 percent from its 52-week low of ₹ 148.75 touched in February 2025. In the past one year, the stock has delivered a 4 percent return. The momentum has picked up considerably in recent months, with gains of 11 percent in June alone. This follows a 13 percent rise in May, 6 percent in April, and an 18 percent surge in March. The only notable dip came in February, when the stock declined 13 percent. The company's solid financial performance has also underpinned investor optimism. For the quarter ended March 31, 2025, Aditya Birla Capital reported a consolidated net profit of ₹ 865 crore, reflecting a 6 percent year-on-year increase when adjusted for one-time gains. In the corresponding quarter of FY24, the firm had reported a net profit of ₹ 1,245 crore, which included exceptional income from a stake sale in its asset management business via an Offer for Sale. Excluding the one-off, the net profit stood at ₹ 812 crore. Total income for the fourth quarter of FY25 rose to ₹ 12,239 crore, up from ₹ 10,803 crore in the same period last year. The company's overall lending book, including NBFC and HFC segments, grew 27 percent YoY to ₹ 1,57,404 crore. Additionally, total assets under management (AUM) across its asset management, life insurance, and health insurance businesses climbed 17 percent YoY to ₹ 5,11,260 crore. The total premium collected from life and health insurance businesses also rose by 22 percent to ₹ 25,579 crore in FY25.
Economic Times
11-06-2025
- Business
- Economic Times
Aditya Birla Capital shares up 3%; Advent International likely offloads stake in block deal
Aditya Birla Capital shares went up 3% amid reports that Advent International has offloaded a stake in a block deal. The PE firm, which invested Rs 1,000 crore in 2020 in the stock, stands to earn a 138% return. A 30-day lock-in applies to the offloaded shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Aditya Birla Capital Q4 earnings Aditya Birla Capital share price target and performance Tired of too many ads? Remove Ads Shares of Aditya Birla Capital jumped up to 3% to Rs 249.80 on the BSE on Wednesday, as US-based private equity firm Advent International is said to have pared its stake in the company through a block deal According to media reports, Advent affiliate Jomei Investments had planned to sell 3.6 crore shares — representing a 1.4% stake in Aditya Birla Capital — via open market transactions. The floor price for the deal was set at Rs 237.81 per share, nearly 2% below the previous NSE closing price. At this price, the deal size is estimated at around Rs 856 crore.A large block deal was observed in the counter this morning, though details of the buyers and sellers could not be independently originally invested Rs 1,000 crore in 2020 through a preferential allotment of 10 crore equity shares at Rs 100 apiece. Based on the current floor price, the firm stands to make a return of 138% on its the quarter ended 31 March 2025, Aditya Birla Capital reported a consolidated net profit of Rs 865 crore, marking a 6% year-on-year increase when adjusted for one-time gains. In Q4 FY24, the company had posted a net profit of Rs 1,245 crore, which included exceptional gains from a stake sale in its asset management business via an OFS. Excluding that, profit stood at Rs 812 income rose to Rs 12,239 crore in Q4 FY25, up from Rs 10,803 crore in the year-ago a separate statement, the company said its overall lending portfolio—including NBFC and HFC segments—grew 27% YoY to Rs 1,57,404 crore as of 31 March 2025. Total AUM across the AMC, life, and health insurance businesses rose 17% YoY to Rs 5,11,260 crore. Total premium collected from life and health insurance climbed 22% to Rs 25,579 crore in a standalone basis, profit after tax stood at Rs 654 crore in Q4 FY25, compared to Rs 616 crore a year earlier. Total income grew to Rs 3,879 crore from Rs 3,527 crore during the same to Trendlyne, the average target price for Aditya Birla Capital is Rs 254, implying an upside of around 5% from current levels. Of the 10 analysts tracking the stock, most have a 'Strong Buy' stock's Relative Strength Index (RSI) stands at 77.8, indicating overbought conditions and the potential for a pullback. The MACD is at 7.8, remaining above both its centerline and signal line—typically a bullish Birla Capital shares closed 1.04% higher at Rs 242.7 on the BSE in the previous session. The stock has gained 36% year-to-date and 54% over the past three months.
