Shares of Aditya Birla Capital Ltd saw a positive movement on Wednesday, June 11, after a large block deal worth ₹568 crore took place on the stock exchanges.
As per reports, 2.34 crore shares, which make up 0.9 percent of the company’s equity, changed hands at ₹242.70 per share in a block deal window. The total value of this trade stood at ₹568 crore.
Sources told CNBC-TV18 that Jomei Investments, which is a special purpose vehicle (SPV) of Advent International Corporation, had initiated a plan on Tuesday, June 10, to sell up to 1.4 percent stake in Aditya Birla Capital through a block deal. The full deal was valued at ₹856 crore, and the floor price was set at ₹237.80 per share, which was 2 percent lower than the stock’s closing price in the previous session.
At 9:20 am, Aditya Birla Capital was trading at ₹247.20, up 1.9% on the NSE, after the deal.
On the fundamentals front, Macquarie, a global brokerage, is positive on the stock. It has an ‘outperform’ rating and a target of ₹260 for the stock. The brokerage says the stock can double in the next three years despite recent underperformance.
Macquarie says the underperformance is due to slowdown in personal loan business which was impacted by operational issues with a key fintech partner. It also says rising credit costs are impacting profits. The ROA has come down from 2.4% in June 2023 to 2% now.
In the January–March 2025 quarter, Aditya Birla Capital reported a net profit of ₹864.60 crore, which was 31% lower than the ₹1,245.41 crore profit in the same quarter last year. But last year’s number had a one time gain without which the adjusted profit would have been around ₹812 crore. The company’s revenue from operations was ₹12,238.92 crore in Q4 FY25.
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Source: Moneycontrol
News Desk
