Aditya Birla Group’s market value has surpassed $100 billion after rising 11.42% in 2024, outperforming both the Sensex and Nifty.
The successful Rs 18,000-crore follow-on public offering (FPO) by Vodafone Idea has led to a positive re-rating of many Aditya Birla Group stocks, especially those in commodities. Vodafone’s market cap has nearly tripled in the past year.
Aditya Birla Group’s market cap growth has outpaced the Sensex and Nifty on a year-to-date basis, as well as over 1-year, 3-year, and 5-year periods. UltraTech Cement, valued at nearly Rs 3 lakh crore ($35.5 billion), is the third most valuable cement company globally. Grasim’s market cap has doubled to over $19 billion in the past three years, driven by new high-growth ventures. Hindalco’s market cap has doubled in less than two years, adding over $7 billion in the last year.
Aditya Birla Capital, following the One ABC-One P&L strategy, has also doubled its market cap in three years. The group’s retailer, ABFRL, has seen its market cap grow 1.5 times in the last year. Century Textiles, which includes the group’s real estate business, has nearly tripled its market cap in just one year.
Last month, domestic brokerage Prabhudas Lilladher recommended long-term investments in Aditya Birla Group stocks, including UltraTech Cement, Grasim, Hindalco, Vodafone Idea, Aditya Birla Capital, and ABFRL.
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