ABFRL On Weak Value Segment ; Street Cautions Issued

Aditya Birla Fashion Retail’s shares has decreased 10% from its February high. Although though the large clothing retailer’s revenue performance in the third quarter of the 2022–23 fiscal year (Q3FY23) was better than anticipated, the company experienced brokerage downgrades due to the subpar operating results and margin pressure. Despite solid sales momentum, this is the second straight quarter with a margin miss.