Aditya Birla Group Stocks Plummet: Two Companies Hit One-Year Lows After Block Deals

• Aditya Birla Fashion and Retail (ABFRL) shares crashed over 8% to a one-year low of ₹65.81 due to a large block deal.
• Approximately 4.35 crore ABFRL shares (3.57% equity) were traded in a block deal worth ₹289 crore at an average price of ₹66.4.
• Aditya Birla Lifestyle Brands also saw a block deal, with 2.8% equity traded, pushing its shares to a one-year low of ₹110.00.
• Institutional investors were reportedly offloading stakes in both companies, with Theleme India Master Fund holding 2.45% in ABFRL.
• Both ABFRL and Aditya Birla Lifestyle Brands have seen significant declines of over 37% from their respective one-year highs.

Why It Matters: Two Aditya Birla Group companies, ABFRL and Aditya Birla Lifestyle Brands, hit one-year lows.