Aditya Birla Sun Life: Drops 9% on Weak Earnings

Aditya Birla Sun Life AMC Drops 9% on Weak Market Reaction

Shares of Aditya Birla Sun Life AMC fell nearly 9% after its December quarter results failed to impress investors. The company reported a 7% rise in Profit After Tax to Rs 224.5 crore, while revenue surged 30% to Rs 445.1 crore. Despite a 23% year-on-year growth in Assets Under Management to Rs 3.84 lakh crore, market sentiment remained negative, dragging the stock down.

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