Aditya Birla Capital Ltd

NSE :ABCAPITAL   BSE :540691  Sector : Finance

About Company: Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. ABCL’s subsidiaries have a strong presence across Protecting, Investing and Financing solutions, ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages.  Powered by more than 30,000 employees, the subsidiaries of ABCL have a nationwide reach with 950 branches and more than 2,00,000 agents / channel partners and several bank partners.

As of December 31st, 2021, Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3,724 billion, has a consolidated lending book of approx. Rs. 614 billion, and an active customer base of over 31 million, through its subsidiaries and joint ventures. Aditya Birla Capital Limited is a part of the Aditya Birla Group, in the league of Fortune 500. Anchored by an extraordinary force of over 140,000 employees, belonging to 100 nationalities. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa and Asia.

Daily Chart of AB Capital:

Technical Outlook of AB Capital:

On Monday 25th April 2022 stock gained 2.93% and closed at 115.75. On the Daily Charts stock is consolidating and huge accumulation has been seen around support level of 96. On the upside 139 is the resistance of the stock. On the short term charts 4 Hourly stock is set to head towards higher levels of 139. Hence we recommend to buy and hold stock with stoploss of 95 for the targets of 139 in the next 1-2 Months.