Aditya Birla Group crosses $100 billion market capitalization milestone
The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.
Following an 11.42% in 2024, ’s market capitalisation has crossed the $100-billion mark and outperformed both and .Successful completion of 's Rs 18,000-crore follow-on public offering (FPO) has prompted a re-rating of most of the Aditya Birla Group stocks, which predominantly focuses on commodities. Vodafone has also nearly tripled its market cap in one year.
The conglomerate’s market capitalisation increase has beaten Sensex, Nifty on a year-to-date basis, as well as on a 1-year, 3-year, and 5-year timeframe.
Valued at nearly Rs 3 lakh crore or $35.5 billion, is the third most valuable cement company in the world. has seen its market cap double to over $19 billion in the last three years on the back of incubating and scaling new high-growth engines.
’s market cap has doubled in less than two years and has added over $7 billion to its market cap in the last 12 months.
Driven by the One ABC- One P&L strategy, has also doubled its market cap in three years. The group’s retailer has seen its market cap grow 1.5x in the last one year.
, which houses the real estate business of the group, has nearly tripled its market cap in only one year.
Last month, domestic brokerage Prabhudas Lilladher had advised long-term SIP in Aditya Birla Group stocks — Cement, Grasim, Hindalco, Vodafone Idea, Aditya Birla Capital and ABFRL.
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Source: Stocks-Markets-Economic Times
