Aditya Birla Capital Ltd (ABCAPITAL)

Aditya Birla Sun Life AMC Q4 PAT up 54% YoY to Rs 208 crore - 27 Apr, 2024

Aditya Birla Sun Life Asset Management Company's consolidated net profit jumps 53.71% to Rs 208.38 crore in Q4 FY24 over Q4 FY23, with a growth of 33.68% YoY in total income. The company's mutual fund QAAUM grew by 21% YoY to Rs 3,31,700 crore and equity mutual fund QAAUM increased by 31% YoY to Rs 1,52,000 crore in Q4 FY23. ABSLAMC serviced 8.59 million folios as of 31 March 2024 and added around 1.1 million new folios for the year ending 31 March 2024.

ABCAP Shares Up 30%, Emkay Reiterates Buy Rating - 26 Apr, 2024

Aditya Birla Capital Ltd's shares have gained 30% in the last month, while Emkay Global Financials has reiterated a BUY rating on the stock with a revised target price of Rs250/share. The company's strong performance across business segments and merger decision with NBFC Aditya Birla Finance are expected to continue driving operational momentum.

Aditya Birla Capital Stock Surges on Bullish Outlook - 24 Apr, 2024

Aditya Birla Capital's stock surged 7% following a bullish outlook, with moving average indicators signaling a strong buy and a target price of ₹235 in the next 2-3 weeks. Traders are advised to go long at ₹217.

Aditya Birla Money Reports 123% Surge in Q4 Net Profit - 23 Apr, 2024

Aditya Birla Money reported a net profit of Rs 16.46 crore, up 123.34%, and revenue from operations of Rs 114.06 crore, up 73.05%, YoY for Q4 FY24. The company's full-year net profit climbed 56.25% to Rs 52.97 crore on a 48.38% jump in revenue to Rs 390.19 crore in FY24 over FY23.

Aditya Birla Capital Targets 30 Million New Customers - 18 Apr, 2024

Aditya Birla Capital plans to nearly double its customer base from 35 million to 65 million over the next three years using its newly launched ABCD mobile application, which cost Rs 100 crore to develop. The company anticipates a CAGR of 19-21% in credit, investments, and insurance sectors.

Aditya Birla Capital Launches Digital Platform Targeting 30 Million New Users - 17 Apr, 2024

Aditya Birla Capital is set to acquire 30 million new customers through its newly launched omnichannel D2C platform, Aditya Birla Capital Digital. The platform offers 22 products and services across lending, insurance, and investment sectors. The group has invested Rs. 100 crore in the app, aiming to almost double its customer base within three years. Chairman Kumar Mangalam Birla anticipates a CAGR of 19-21% in the financial services industry over three to five years.

Aditya Birla Capital Launches Fintech Super App ABCD - 16 Apr, 2024

Aditya Birla Capital has launched its digital platform ABCD, offering a comprehensive range of financial products and services through a single digital platform. The ambitious target set for the next three years is 30 million new customers.

Aditya Birla Capital to Launch Fintech App ABCD - 15 Apr, 2024

Aditya Birla Capital is set to launch its fintech app, ABCD, offering various financial products on a single digital platform. The app will amalgamate all the group's financial offerings and other features such as credit cards, payments stack, generative AI-powered chatbots, tax planners, and health tracking. The app is expected to be launched on April 16.

Aditya Birla Capital Shares Surge Following Positive Coverage - 04 Apr, 2024

Macquarie has initiated coverage on Aditya Birla Capital with an outperform rating and set a target price of Rs 230, expressing confidence that the stock could potentially double in value within three years. The company is poised for substantial growth in loans and earnings, primarily fueled by its lending and savings businesses.

Macquarie Initiates Coverage on Aditya Birla Capital - 02 Apr, 2024

Foreign brokerage Macquarie initiated coverage on Aditya Birla Capital with an Outperform rating and a target price of Rs 230 per share. ABCL shares rose 10.6% to end at Rs 210. The stock saw high trading volumes during the day.