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$100B market cap breached by Aditya Birla Group

$100B market cap breached by Aditya Birla Group

The Aditya Birla Group (ABG) has achieved a significant milestone with its combined market capitalisation surpassing $100 billion (Rs 8,51,460.25 crore) on Friday. The group’s diverse portfolio includes firms such as UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka, and Pilani Investment, all contributing to this impressive valuation on the BSE.

According to a statement from the group, ABG's market cap growth has outpaced the benchmark indices Sensex and Nifty on a year-to-date basis, as well as over one-year, three-year, and five-year periods. The statement emphasized that ABG’s market capitalisation increase has been twice that of the S&P 500 in US dollar terms over one-year and three-year timeframes.

Grasim Industries has notably doubled its market cap to over $19 billion in the last three years, driven by its strategic incubation and scaling of new high-growth ventures. Hindalco Industries has also seen remarkable growth, with its market cap doubling in less than two years and adding over $7 billion in the past 12 months alone.

Vodafone Idea has experienced a significant turnaround, with its market cap nearly tripling within the last year. This recovery is a testament to the company's efforts to stabilize and grow amidst a challenging telecommunications market.

Overall, the robust market performance of Aditya Birla Group firms highlights their resilience and strategic growth initiatives, positioning the group as a formidable player in the global market.

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$100B market cap breached by Aditya Birla Group

$100B market cap breached by Aditya Birla Group

The Aditya Birla Group (ABG) has achieved a significant milestone with its combined market capitalisation surpassing $100 billion (Rs 8,51,460.25 crore) on Friday. The group’s diverse portfolio includes firms such as UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka, and Pilani Investment, all contributing to this impressive valuation on the BSE.

According to a statement from the group, ABG's market cap growth has outpaced the benchmark indices Sensex and Nifty on a year-to-date basis, as well as over one-year, three-year, and five-year periods. The statement emphasized that ABG’s market capitalisation increase has been twice that of the S&P 500 in US dollar terms over one-year and three-year timeframes.

Grasim Industries has notably doubled its market cap to over $19 billion in the last three years, driven by its strategic incubation and scaling of new high-growth ventures. Hindalco Industries has also seen remarkable growth, with its market cap doubling in less than two years and adding over $7 billion in the past 12 months alone.

Vodafone Idea has experienced a significant turnaround, with its market cap nearly tripling within the last year. This recovery is a testament to the company's efforts to stabilize and grow amidst a challenging telecommunications market.

Overall, the robust market performance of Aditya Birla Group firms highlights their resilience and strategic growth initiatives, positioning the group as a formidable player in the global market.

 
 

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