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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Aditya Birla Fashion and Retail Limited    535755   INE647O01011

ADITYA BIRLA FASHION AND RETAIL LIMITED

(535755)
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Indian shares end higher; Aditya Birla Fashion surges on Flipkart deal

10/23/2020 | 06:31am EST

BENGALURU, Oct 23 (Reuters) - Indian shares ended higher on Friday, driven by gains in auto stocks, while a 15 billion rupees investment from Walmart Inc's Flipkart pushed Aditya Birla Fashion and Retail up as much as 17%.

The NSE Nifty 50 index rose 0.28% to 11,930.35, while the benchmark S&P BSE Sensex gained 0.31% at 40,685.50. For the week, both the indexes gained more than 1% each.

Aditya Birla Fashion and Retail gave up some early gains to close 7.5% higher at its best level since March 26 after Flipkart said it will buy a 7.8% stake in the company.

The Nifty Auto Index rose nearly 3%, with carmaker Maruti Suzuki up 4.3%, leading gains as well as acting as the top boost to the blue-chip Nifty 50 index.

"The market is precariously perched, fervently praying that the fiscal stimulus bill in the United States will be passed and that a torrent of liquidity will flow into global equity markets," said Ajay Bodke, chief executive officer and chief portfolio manager (PMS) at Prabhudas Lilladher in Mumbai.

Global stocks remained within a tight range on Friday, less than two weeks before the U.S. presidential election, with traders looking for a breakthrough in stimulus talks in Washington.

"For the Nifty to go beyond 12,000, the earnings momentum needs to become far stronger."

Investors were awaiting earnings reports from Nifty components Nestle India Ltd and Tech Mahindra Ltd .

Corporate results this week, dominated by consumer goods firms, have been a mixed bag, although most expected a rise in demand going forward.

Credit card company SBI Cards and Payment Services Ltd closed down 5.2%, having tumbled as much as 10% to a ten-week low, after reporting a lower profit and a sharp drop in asset quality in the September quarter.

Consumer electricals maker Crompton Greaves Consumer Electricals jumped 14.8% after a surge in second-quarter profit. (Reporting by Chris Thomas and NR Sethuraman in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADITYA BIRLA FASHION AND RETAIL LIMITED 0.16% 155.6 End-of-day quote.-32.89%
BIRLA CORPORATION LIMITED -3.61% 700 End-of-day quote.14.72%
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED -1.34% 304.95 Delayed Quote.28.73%
MARUTI SUZUKI INDIA LTD -1.96% 6927.05 Delayed Quote.-4.25%
NESTLÉ INDIA LIMITED -0.87% 17526.1 End-of-day quote.18.50%
NIFTY 50 -0.37% 12844.95 Delayed Quote.7.29%
SBI CARDS AND PAYMENT SERVICES LIMITED 0.01% 805.95 End-of-day quote.0.00%
SENSEX 30 -1.56% 43828.1 Real-time Quote.7.92%
TECH MAHINDRA LIMITED -1.19% 850.8 Delayed Quote.13.11%
WALMART INC. 0.31% 151.83 Delayed Quote.27.76%
All news about ADITYA BIRLA FASHION AND RETAIL LIMITED
10/23Flipkart to Invest $204 Million in India's Aditya Birla Fashion & Retail
DJ
10/23Indian shares end higher; Aditya Birla Fashion surges on Flipkart deal
RE
10/23Flipkart to buy 8% stake in Aditya Birla's fashion unit for $204 million
RE
08/31Reliance Future-proofs retail arm as it seeks to woo investors
RE
08/31Reliance Future-proofs retail arm as it seeks to woo investors
RE
08/12ADITYA BIRLA FASHION AND RETAIL LIMI : quaterly earnings release
05/28ADITYA BIRLA FASHION AND RETAIL : posts results for Q4 and FY20
AQ
03/23Coronavirus threatens retail jobs, Indian retailers see revenue hit
RE
More news
Financials
Sales 2021 54 223 M 734 M 734 M
Net income 2021 -6 008 M -81,4 M -81,4 M
Net Debt 2021 10 682 M 145 M 145 M
P/E ratio 2021 -25,0x
Yield 2021 -
Capitalization 135 B 1 823 M 1 822 M
EV / Sales 2021 2,68x
EV / Sales 2022 1,71x
Nbr of Employees 23 269
Free-Float 39,9%
Chart ADITYA BIRLA FASHION AND RETAIL LIMITED
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Aditya Birla Fashion and Retail Limited Technical Analysis Chart | 535755 | INE647O01011 | MarketScreener
Technical analysis trends ADITYA BIRLA FASHION AND RETAIL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 155,60 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Ashish Dikshit Managing Director & Executive Director
Jagdish Bajaj Chief Financial Officer & Chief Risk Officer
Praveen Shrikhande Chief Digital & Information Officer
Sushil Kumar Agarwal Non-Executive Director
Sukanya Anand Kripalu Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ADITYA BIRLA FASHION AND RETAIL LIMITED-32.89%1 823
INDUSTRIA DE DISEÑO TEXTIL, S.A.-10.65%103 559
KERING SA3.21%89 780
FAST RETAILING CO., LTD.28.74%80 986
ROSS STORES, INC.-2.59%40 375
HENNES & MAURITZ AB-1.28%36 316