Aditya Birla Capital aims to nearly double customers with new digital platform in 3 yearsMoneycontrol • 10 days ago
Speaking at the launch of the Aditya Birla Capital Digital here, Aditya Birla Group chairman Kumar Mangalam Birla said the purpose of the platform is to acquire new customers in a seamless manner.
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Aditya Birla Capital is poised to show strong growth in loans and earnings, driven by its lending (NBFC and HFC) and savings (life insurance) businesses over the next several years, Macquarie said
Post amalgamation, Aditya Birla Capital will get converted from a holding company to an operating non-banking finance company (NBFC), the company said, creating a unified large entity with a greater financial strength and flexibility enabling direct access to capital.
The rationale and benefits of the proposed amalgamation are rationalisation and simplification of group structure, improved financial stability, likely stakeholder value enhancement, increased operational efficiency, the group said.
The caution is advised as certain sectors appear to be overbought, potentially prompting profit-booking and impacting mid and small-cap equities.
Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750
Motilal Oswal is bullish on Aditya Birla Capital recommended buy rating on the stock with a target price of Rs 230 in its research report dated February 09, 2024.
Motilal Oswal is bullish on Aditya Birla Capital recommended buy rating on the stock with a target price of Rs 220 in its research report dated February 02, 2024.
Emkay Global Financial is bullish on AB Capital has recommended buy rating on the stock with a target price of Rs 220 in its research report dated February 02, 2024.