Tue, Feb 20, 2024 3:24 PM
Joindre Capital Standalone December 2023 Net Sales at Rs 10.84 crore!
A Flip by Avya Verma
Aditya Birla Fashion and Retail Ltd. (ABFRL) announced that its board has approved a plan to raise substantial funds through the issuance of equity shares on a preferential basis. The proposal, which is subject to shareholder and regulatory approvals, aims to infuse capital into the company by engaging both promoter and institutional investors.
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Shares of Shoppers Stop climbed as much as 10.8% on Wednesday to Rs 688 on the BSE after the department store chain posted a nearly 41% year-on-year (YoY) rise in quarterly profit, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season.
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BSE share price jumped over 5% on Wednesday, extending its rally for the third consecutive session after analysts remained bullish on the stock and predicted more upside. BSE shares spiked as much as 5.14% to ₹5,729.00 apiece on the NSE.BSE stock price has rallied 20% in three months and has delivered multibagger returns of more than 150% in one year.
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