New Delhi: SBI Securities recommended buying shares of Aditya Birla Capital Ltd with a 12-18 months perspective to earn profits. Giving a Buy call on Aditya Birla Capital, the brokerage advised the interested investors to buy the stock at current price with a long term perspective. ABCL is one of the top 4 Non-Banking Financial Companies (NBFCs) in India. It has a AAA rating and a granular portfolio of Rs 1,07,306 crore as of Jun’24.
Aditya Birla Capital share price
Advocating for Aditya Birla Capital, the brokerage firm suggested a target price of Rs 282. The firm in its recommendation stated that the scrip has the potential to grow 26.2 per cent in the above-mentioned time period. Aditya Birla Capital settled at Rs 223.15 apiece on August 22, 2024. The stock has jumped around 20 per cent in the last one year.
Aditya Birla Capital Limited is a diversified financial services group that operates in various businesses including non-banking finance, housing finance, life insurance, standalone health insurance, asset management, stock and securities broking, wealth services and asset reconstruction.
The group has a customer franchise of around 35 million customers and management plans to capitalize on this franchise to cross-sell its products and services. The company enjoys AAA stable and A1+ rating in different debt instruments.
The company informed that the management has guided that the corporate loan portfolio, which is presently at around 30% of the total loan book, is expected to reduce to around 25%
over the next 3 years. Therefore, shifting the loan mix from corporate to the relatively higher-yielding retail & SME segments will help improve margins. The company plans to increase the mix of retail & SME going up to 75% of the overall loan book in the next 2-3 years.
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Stock to invest in: SBI Securities said Aditya Birla Capital share price is expected to reach the level of Rs 282 in 12-18 months. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
