High chance of breakout and high return possibility Stock: Analysis
Company Name: Aditya birla capital
NSE Symbol : ABCAPITAL
Company Overview
Aditya Birla Capital Limited (ABCL) is a prominent financial services company in India, part of the larger Aditya Birla Group, which is a multinational conglomerate with diverse business interests. Established on October 15, 2007, ABCL serves as the holding company for the group's financial services operations, encompassing a wide range of offerings including loans, investments, insurance, and payment solutions. The company is headquartered in Mumbai and has a significant presence across India with over 1,505 branches and more than 200,000 agents and channel partners.
ABCL is recognized as one of India's leading financial services companies. It operates under the umbrella of the Aditya Birla Group, which has a market capitalization exceeding $100 billion as of March 2024. The group itself has a substantial international presence with operations in over 36 countries
Business Segments
ABCL operates in several key areas:
- Loans: Including home loans, personal loans, SME finance, and project finance.
- Investments: Covering mutual funds, private equity, and wealth management services.
- Insurance: Encompassing life insurance, health insurance, motor insurance, and general insurance products.
- Advisory Services: Offering financial advisory tools and portfolio management services.
Valuation
Based on fundamental and our valuation this company is undervalued and very high potential of upside and good business prospects in future
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Technical Analysis
Date : 02-10-2024
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Possible breakout may happen
Based on option chain analysis , stock is set to be bullish
Please do proper risk management
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