Sell Aditya Birla Fashion & Retail, target price Rs 235: HDFC Securities Jobbery Stock Market update

HDFC Securities gives a ‘sell’ call on Aditya Birla Fashion and Retail, targeting Rs 235, versus its current Rs 273.6. With a market cap of Rs 29183.83 crore, ABFRL’s Q2 2024 total income rose by 6.32% from last quarter, though it reported a net loss of Rs 214.70 crore. Promoters hold 49.25% stake, while FIIs own 19.68%.