Aditya Birla Capital hits 52-week high after Macquire initiates coverage with outperform, expects stock to double in 3 years
At 11:50 am, Aditya Birla Capital shares held on firmly to the green with a gain of 8.3 per cent at 196.8 apiece on BSE.
Aditya Birla Capital shares soared to a 52-week high on Tuesday after foreign brokerage Macquarie initiated coverage on the Aditya Birla group investment company. The stock of Aditya Birla Capital (ABCAPITAL) soared by as much as Rs 17.8, or 9.8 per cent, to Rs 199.6 apiece on BSE. Analysts at Macquarie believe that Aditya Birla Capital shares have the potential to double in three years.
At 11:50 am, Aditya Birla Capital shares held on firmly to the green with a gain of 8.3 per cent at 196.8 apiece on BSE.
The brokerage assigned a target of Rs 230 per share to Aditya Birla Capital, indicating a potential upside of 26.5 per cent from the previous close.
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