This Aditya Birla Group Stock Price Fall By 30% From Its 52-Week High, Invest?

Aditya Birla group has footprints in multiple sectors, where retail fashion plays a significant role. With multiple leading brands under its umbrella, Aditya Birla Fashion and Retail Ltd. is known to be a profitable stock for investors. However, the third trading week in India is experiencing a bear run. Major stocks have fallen sharply, and bears are interested to invest in the top stocks at lower prices for higher long-term returns. Aditya Birla Fashion and Retail Ltd. is one of these stocks to invest in.

The current market price of ABFRL closed at Rs. 246.20 on June 13, fell by 4.96% in one day. The stock's 52 week high range is Rs. 322.00, and 52 week low range is Rs. 189.35. Till last traded the stock has fallen by around 30% from its 52 week high level. Additionally, the stock has also fallen by around 28% from April 6, 2022, when the share price was at Rs. 315.55.

Considering the brand value and stock outlook, brokerage firm ICICI Direct has retained a buy status on the stock with a target price of Rs. 340. The firm said, "We like Aditya Birla Fashion & Retail; ABFRL is targeting revenues of ~US$2.8 billion by FY26E."

ABFRL's Lifestyle Brands are Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter - catering to India's Premium Consumers, all market leaders within their segments. Pantaloons, a division of ABFRL, is one of India's most preferred fast fashion destinations among large retail format stores. ABFRL's Forever 21 offers clothes and accessories for Millennials and Gen Z girls and boys.

Aditya Birla Fashion and Retail Ltd.'s (ABFRL) revenue stood at Rs. 8,136 crore, and EBITDA stood at Rs. 1,203 crore. The company has above 24,500 employees and 3,468 operating stores, till the last quarter of FY22. It is a large-cap company with a market capitalization of Rs. 23,121 crore.