Aditya Birla Capital Block Deal: Shares Slip Post Jomei Investment Stake Sale: Analysts Bullish On Stock

Aditya Birla Capital shares traded in the red on Tuesday after reports of a major block deal involving Jomei Investments, an entity backed by Advent International Corporation, surfaced.

Aditya Birla Capital shares today opened at Rs. 316. Slightly higher than the previous day's close.

According to a CNBC-TV18 report, Jomei Investments was looking to sell up to a 2% stake in ABCL through block deals, amounting to around 53.2 million shares. The sale was reportedly set at a floor price of Rs. 304.55 per share, translating to a 0-2% discount to the company's current market price. The transaction is expected to raise over Rs. 1,600 crore based on the indicated floor price.

First Quarter Results

Aditya Birla Capital Ltd is yet to announce its second-quarter results. In the first quarter of FY26, the company reported a 10% year-on-year rise in consolidated net profit to Rs. 835 crore, driven by steady growth across its financial services verticals. Revenue increased 9.6% YoY to Rs. 9,502.6 crore, while the company's total lending portfolio expanded to Rs. 1.66 lakh crore, with a robust 30% annual growth and a 5% sequential increase.

Aditya Birla Capital Share Price Target

Axis Direct has given a bullish outlook on Aditya Birla Capital Ltd (ABCL), setting a target range of Rs. 340-375, implying a potential upside of 31-44% from the current market price of around Rs. 293.

According to the brokerage, Aditya Birla Capital shares have registered a decisive breakout above multiple resistance zones near Rs. 250 on the quarterly chart, supported by a strong bullish candle. The report says that the stock continues to form higher highs and higher lows while remaining above its upward-sloping trendline, signalling a positive medium-term bias.
Axis Direct said, The breakout is supported by a notable surge in volumes, reflecting robust buying interest and adding conviction to the uptrend."

With this technical setup, the brokerage expects Aditya Birla Capital's share price to move toward the Rs. 340-375 level, recommending investors to buy within the Rs. 270-250 range, with a support zone between Rs. 240 and Rs. 222.

Aditya Birla Capital Shares Today

At the time of writing on October 28, Aditya Birla Capital Ltd (ABCL) shares were trading at Rs. 310.60, down slightly by 0.15 points (0.048%). Over the past five days, the stock has gained 1.77%, while it has risen 7.19% in the past month and delivered an impressive 55.80% return over the last six months.

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