Latest Stock Market News

While announcing a 25 bps hike at the end of the MPC meeting on Wednesday, RBI Governor Shaktikanta Das displayed a non-committal stance and said he will weigh all incoming data and forecasts to determine appropriate actions and policy stance, going forward

A total of 3,850 shares changed hands on the counter till 01:06PM (IST).

Aditya Birla Fashion and Retail, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 23476.60 Crore) operating in Retail sector.

Barring India and Indonesia, January saw key global markets such as Korea, Taiwan, MSCI EM, the US, China & more. >> For more such web stories click on the ET icon below

According to the latest print on January 27, while credit growth was healthy on a YoY basis, it de-grew marginally on a fortnightly basis, probably hinting at a reluctance to borrow at higher rates.

The company will repay Rs 5,000 crore of debt in FY24 from the targeted net debt level of Rs 4,300 crore by end-FY23. It expects gross debt to increase by Rs 6,500 crore by March 2023, on completion of the Haifa Port acquisition in the quarter

The stock traded at a P/E multiple of 39.23, while the price-to-book value ratio stood at 9.65.

The Nifty Auto index was trading 0.11 per cent down at 13211.65.

The stock quoted a 52-week high of Rs 1405.85 and a 52-week low of Rs 1037.8.

“For a variety of reasons, liquidity is going to be a little tight and a neutral stance would not have mattered at all, I thought there was a clear case for a neutral stance which is perhaps why we have seen a divergence of opinion both on stance as well as on the repo rate. That is a considerable difference from what it used to be in the past.”