Aditya Birla Fashion and Retail adds Rs4.1 billion (US$57.6 million) in MCap, top heavyweight rise in Department stores sector
Aditya Birla Fashion and Retail Limited (NSE:ABFRL), India's 3rd largest Department store company by market cap, has lifted Rs5.30 (2.3%) from its previous trading session to close at Rs234.70. Compared with the BSE SENSEX Index which fell 208.4 points (0.5%) in the day, the relative price increase was 2.8%. The volume was 0.3 times the average daily trading volume of 861,173 shares. It posted the highest rise in MCap with the most influence on the Department stores sector. There were 285,789 shares worth Rs66.6 million (US$935,794) traded today.
Technical indicators complementing today's significant uptrend:
+ The positive 1.56 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last one month the stock has hit a new 52-week high twelve times and in the last three months thrice.
+ The price increased 1.7% in the last week and 1.1% in the last month.