SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Aditya Birla Nuvo advances on raising Foreign Investment limit to 30%

25 Oct 2016 Evaluate

Aditya Birla Nuvo is currently trading at Rs. 1389.75, up by 6.75 points or 0.49% from its previous closing of Rs. 1383.00 on the BSE.

The scrip opened at Rs. 1390.20 and has touched a high and low of Rs. 1396.00 and Rs. 1379.50 respectively. So far 9,363 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1664.00 on 09-Aug-2016 and a 52 week low of Rs. 685.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1416.60 and Rs. 1378.90 respectively. The current market cap of the company is Rs. 18,098.12 crore.

The promoters holding in the company stood at 58.40%, while Institutions and Non-Institutions held 25.12% and 16.48% respectively.

Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest up to 30% of the paid up capital of Aditya Birla Nuvo. The company’s Board of Directors has passed a resolution and its shareholders have passed a special resolution agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.

Aditya Birla Nuvo is a $4.4 billion conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position. Its service sector businesses include Financial Services, Fashion & Lifestyle and Telecom.


Peers
Company Name CMP
Grasim Industries 2718.25
DCM Shriram 1225.85
3M India 31394.15
Hindustan Foods 509.15
Balmer Lawrie & Co 176.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×