Shares of Aditya Birla Capital were in focus on Tuesday after a large block deal took place on the exchange. Around 2.34 crore shares worth Rs 568 crore changed hands at Rs 242.65 per share in the block deal window, indicating significant institutional activity.
Separately, it was earlier reported that Jomei Investments, a special purpose vehicle of Advent International, was looking to offload a 1.4% stake in Aditya Birla Capital through a block deal. As per CNBC-TV18, the floor price for the proposed deal was set at Rs 237.80 per share, which marked a 2% discount from the previous session’s close, valuing the transaction at approximately Rs 856 crore.
Meanwhile, Macquarie has maintained its ‘Outperform’ rating on Aditya Birla Capital, setting a 12-month target price of Rs 260. The brokerage stated the stock could potentially double in the next three years, despite near-term headwinds. It attributed the recent underperformance to operational disruption in the personal loan segment due to issues with a key fintech partner, along with rising credit costs. The return on assets (ROA) has moderated from 2.4% in June 2023 to 2% currently.
Aditya Birla Capital posted a net profit of Rs 864.60 crore in the fourth quarter of FY25, down nearly 31% YoY. However, the year-ago figure included a one-time gain, and excluding that, the adjusted profit stood at Rs 812 crore. Revenue for the quarter rose to Rs 12,238.92 crore.
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