Aditya Birla Group crosses $100 billion market capitalization milestone
surge in 2024, Aditya Birla Group’s market capitalisation has crossed the $100-billion mark and outperformed both Sensex and Nifty.
Successful completion of Vodafone Idea'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, UltraTech is the third most valuable cement company in the world. Grasim 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.
Hindalco’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, Aditya Birla Capital has also doubled its market cap in three years. The group’s retailer ABFRL has seen its market cap grow 1.5x in the last one year.
Century Textiles, 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 — Ultratech Cement, Grasim, Hindalco, Vodafone Idea, Aditya Birla Capital and ABFRL.
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