Buy Aditya Birla Sun Life AMC, target price Rs 1,045: Axis Securities
Axis Securities has a buy call on Aditya Birla Sun Life AMC with a target price of Rs 1045. The current market price of ABSL AMC is Rs 852.3. Aditya Birla Sun Life AMC, incorporated in 1994, is a Small Cap company with a market cap of Rs 24601.79 crore, operating in the Financial Services sector.
Aditya Birla Sun Life AMC's key products/revenue segments include Fees & Commission Income for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 520.05 crore, up 8.02% from last quarter Total Income of Rs 481.43 crore and up 33.11% from last year same quarter Total Income of Rs 390.69 crore. The company has reported net profit after tax of Rs 242.34 crore in the latest quarter.
The company?s top management includes Mr.A Balasubramanian, Mrs.Vishakha Vivek Mulye, Mr.Sandeep Asthana, Mr.Amrit Kanwal, Mr.Sunder Rajan Raman, Mr.Supratim Bandyopadhyay, Mr.Navin Puri, Mr.Ramesh Abhishek, Ms.Alka Bharucha. Company has S R Batliboi & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 29 crore shares outstanding.
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