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Saturday, May 25, 2024

Aditya Birla Group took a big leap, entered the list of Tata, Ambani-Adani


Aditya Birla Group said in a statement that the increase in the group's market cap has outperformed the market benchmark indices Sensex and Nifty on an annual basis in one year, three year and five year time frames.

Aditya Birla Group has taken a big leap. This leap is so big that it has brought the entire group in the list of Reliance Industries, Tata Group, Adani Group. The market cap of Aditya Birla Group has crossed the figure of 100 billion dollars i.e. 8.51 lakh crore rupees. However, right now Birla Group is far behind Tata Group, Reliance Industries, HDFC Bank and Adani Group.

If the data is to be believed, the shares of the group's companies have seen a combined increase of more than 11 percent in the current year. The special thing is that in the last few years, the group has also surpassed Sensex and Nifty in terms of returns. The effect of which is now visible in the market cap of Aditya Birla Group.

After the success of FPO

The success of Vodafone Idea's Rs 18,000 crore FPO has led to re-rating of most of the shares of Aditya Birla Group. All these companies are focused on commodities. The special thing is that Vodafone's market cap has seen a 3-fold increase in the last one year.

In a statement, the Aditya Birla Group said that the growth in the group's market cap has outperformed the benchmark market indices Sensex and Nifty on a yearly basis over a one-year, three-year and five-year time frame. The growth in the group's market cap has also been twice that of the S&P in US dollar terms over a one-year and three-year period, the statement said.

Huge growth in market cap of group companies

UltraTech is the third most valued cement company in the world with a valuation of around Rs 3 lakh crore or $35.5 billion-

The special thing is that the shares of the group's Grasim company saw a good jump. In the last three years, the company's car market cap doubled and crossed the level of 19 billion dollars.

Hindalco's market cap has doubled in less than two years and has seen its market cap increase by more than $7 billion in the last 12 months.

Guided by the One ABC-One P&L policy, Aditya Birla Capital has also doubled its market cap in three years-

On the other hand, the market cap of the group's retailer ABFL has also seen a decline and has increased 1.5 times in one year.

Century Textiles, which houses the group's real estate business, has seen its valuation increase 3 times in just one year.

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