The shares of Aditya Birla Capital saw a significant increase of over 2% after the company announced that the Reserve Bank of India (RBI) has approved its conversion into a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC).
The company's shares closed at Rs 362.65, ending a two-session losing streak. This development comes after Aditya Birla Capital merged with its subsidiary Aditya Birla Finance earlier this year, creating a combined entity with a diverse range of financial products and services.
According to Aditya Birla Group Chairman Kumar Mangalam Birla, the combined strength of the company's financial products and services will accelerate growth, drive financial inclusion, and contribute to India's economic growth opportunities. The company had applied for a certificate of registration as an NBFC-ICC and received the approval from RBI on December 9.
The shares of Aditya Birla Capital have seen a significant increase in recent times, with a gain of nearly 2% in the past five days and over 10% in the past one month. The stock has surged over 49% in the past six months and is up a whopping 103% in 2025 so far.
The stock's Price-to-Earnings (P/E) ratio currently stands at around 31, with a market capitalization of over Rs 94,845 crore. Key terms related to this article include Aditya Birla Capital, NBFC-ICC, RBI approval, financial inclusion, and Indian stock market trends.
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