Aditya Birla Capital shares soar 3% as it enters gold loans

Aditya Birla Capital shares rose 2.3% to ₹408.70 after the company announced its entry into the gold loan business. It plans to open 200-300 dedicated branches by March 2027 and expand to 1,000 branches over three years. Its lending AUM rose 28% YoY to ₹1.67 lakh crore in Q1FY27, while PAT increased to ₹1,175 crore.