Espresso Shot of the Day - Aditya Birla Fashion and Retail Ltd up by 6.56 percent

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Espresso Shot of the Day - Aditya Birla Fashion and Retail Ltd up by 6.56 percent

December 14, 2021
Espresso Shot of the Day - Aditya Birla Fashion and Retail Ltd up by 6.56 percent

Aditya Birla Fashion and Retail Ltd 283.50  (+6.56%) BSE – INE647O01011 | Dec 14, 2021

Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd. ABFRL is a part of the Aditya Birla Group, a global conglomerate, in the league of Fortune 500. Anchored by an extraordinary force of over 140,000 employees, belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa and Asia.


Recent Drivers

  • On Dec 14, 2021, Aditya Birla Fashion and Retail Limited entered into a strategic partnership with a global brand development and marketing company “Authentic Brands Group” to take on Reebok’s India operations.
  • On Dec 3, 2021, the conglomerate reported a net profit of Rs.5.49 crores.
  • On Nov 3, 2021, the company reported sales growth of 99.81% which amounted to Rs.2054.34 crores in the quarter ended September 2021 as against Rs.1028.13 crores during the previous quarter ended September 2020.
  • On Nov 11, 2021, the company partnered with Flipkart owned online fashion retailer Myntra.
(Sources: Business Standard, Business Today, Livemint)


Technical Force*

  • S&P BSE 200 month till date gain up by 2.37%
  • Spurt in Volume by more than 5.65 times 3 months avg. volume: 264,006
  • Quantity traded: 6,51,900 | Deliverable quantity: 70,945 (10.88%)
  • Stock price has jumped more than 95% from one-year-low level: 144.10 (Dec 22, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 310.00 | 52-week-low: 144.10


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

456.60

370.95

268.35

182.70

80.10

-

-

    -

Fibonacci Pivot

370.95

299.04

254.61

226.00

182.70

139.40

110.79

66.36

    -


Today’s Close

285.85

SMA

BSE

10 DAY

267.55

20 DAY

269.83

50 DAY

268.82

200 DAY

219.31


Some Key Ratios (Source: BSE)

Market Cap:  26,803.63 Crores

PE: -64.03

OPM%: 16.88

ROE%: -14.87

Promoters holding%: 56.13

Prev. Close: 266.05


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.