AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 18.10.2020

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ADITYA BIRLA MONEY LTD

CMP 43 ENTRY 40 TO 42 STOPLOSS 32 TARGET 65++ TIME: 12 MONTHS

Aditya Birla Money Limited (ABML), a subsidiary of Aditya Birla Capital Limited is currently engaged in the business of securities broking and is registered as a stock broker with SEBI. It offers equity and derivatives trading through NSE and BSE and holds PMS license from SEBI and offers portfolio management services. ABML is also registered as a Depository Participant with National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL). It also holds SEBI license as a research analyst and an investment adviser. ABML also holds an ARN code issued by AMFI and is registered with CDSL as an e-Repository for holding insurance policies in electronic form. It has a pan India distribution network of over 41 branches spread across Andhra Pradesh, Chandigarh, Rajasthan, Chhattisgarh, Madhya Pradesh, UP, West Bengal, Punjab, Maharashtra, Kerala, Karnataka, Delhi, Gujarat and Tamil Nadu and 700 plus franchisee offices. It also has a robust online and offline model with a strong technological backbone to support a large registered customer base of around 350,685 customers. It offers a wide range of solutions including broking, portfolio management services, depository and e-insurance repository solutions and distribution of other financial products. It has an equity base of just Rs.5.63 crore that is supported by reserves of around Rs.33.93 crore. The Promoters hold 73.80% while the investing public holds 26.20% stake in the company. Company has reported fantastic numbers for Q2FY21. For Q2FY21, PAT zoomed 49.48% to Rs.4.35 crore from Rs.2.91 crore on 25.38% higher income of Rs.48.96 crore fetching an EPS of Rs.0.77. Currently, the stock trades at a P/E of 18.4x. Its recent high rate was Rs.164.90 which was formed in July 2017. Stock almost corrected 74% from recent high. Investors can accumulate this stock with a stop loss of Rs.37. It may give very good returns in medium to long term.

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