News

Aditya Birla Capital shares likely in focus after co plans Rs 300-cr rights issue for housing finance arm

Aditya Birla Capital shares: The company has launched a 300-crore rights issue to strengthen its housing finance subsidiary and support growth. The stock recently hit a 52-week high and has surged 83% over the past year, valuing the company at 93,031 crore. It currently trades at a P/E of 28.67, reflecting investor confidence in its earnings potential.