Aditya Birla Lifestyle Shares Surge 10% on Flipkart's Stake Sale

irla Lifestyle Brands shares soared over 10% on Oct 6 after a major block deal, with Flipkart reportedly offloading its full 6% stake for Rs 950 crore at Rs 130 per share—a 5% discount to the prior close of Rs 136.45. The stock hit an intraday high of Rs 150.79 before settling at Rs 147.19 by 10:25 am, marking the third straight session of gains. The deal involved 7.3 crore shares (5.93% equity), driving trading volumes above 1 crore—over 7x the 10-day average. Shares have climbed 12% in the last five days but dipped 7% over six months. They debuted at Rs 167 on June 23 post-demerger from Aditya Birla Fashion and Retail Ltd.