Aditya Birla Lifestyle Shares Surge Over 10% Following Flipkart Stake Sale | Stock Market Today

Market Performance

Aditya Birla Lifestyle shares jumped sharply on Monday, October 6, rising over 10% in early trade. The stock touched an intraday high of ₹150.79 per share before moderating slightly to ₹147.19 at 10:25 am. This represents the company’s third straight session of gains in the market.

The sudden surge comes amid a large block deal, which has generated significant trading volumes and market attention.

Main News: Flipkart Likely Sells Entire Stake

Reports indicate that ecommerce giant Flipkart has likely sold its entire 6% stake in Aditya Birla Lifestyle Brands through block deals.

Key details of the transaction:

• Stake sold: 6% of the company’s equity
• Number of shares: 7.3 crore shares
• Deal value: ₹950 crore
• Base price per share: ₹130, about 5% below the previous closing price of ₹136.45

The sale marks a significant move for Flipkart and has triggered heightened market activity, as investors digest the implications of such a sizable stake transfer.

Trading Activity and Volumes

The block deal led to exceptional trading volumes in Aditya Birla Lifestyle shares:

• Shares traded in block deal: 7.24 crore (5.93% of total equity)
• Intraday active trades: Over 1 crore shares
• Volume comparison: More than 7 times the 10-day average volume

The large volume surge highlights strong market attention and liquidity in the stock following the deal.

Share Price History

Aditya Birla Lifestyle Brands shares have experienced notable movements in recent months:

• Past 5 days: +12%
• Past 6 months: -7%
• Listing price: ₹167 per share on June 23, post demerger from Aditya Birla Retail and Fashion Limited (ABFRL)

The stock’s recent rally reflects the impact of major block deals and investor response to liquidity events in the market.

Company Overview

Aditya Birla Lifestyle Brands operates in fashion and lifestyle retail, offering a wide range of apparel and accessories across multiple brands. Since its demerger from ABFRL, the company has established its identity in the retail segment while attracting institutional and retail investor attention through significant market events such as large stake sales.

Summary: Key Takeaways

The spike in Aditya Birla Lifestyle shares is linked directly to the Flipkart stake sale, generating both trading volumes and price momentum.

Highlights:

• Shares surged over 10% to ₹150.79, later trading at ₹147.19.
• Flipkart likely sold 6% equity stake worth ₹950 crore.
• Block deal involved 7.24 crore shares, increasing liquidity and trading activity.
• The stock has risen 12% in the past five days, though down 7% over six months.
• Listing price post-demerger: ₹167 per share on June 23.

The developments underscore the role of institutional stake movements in influencing market sentiment and share price trends for Aditya Birla Lifestyle.