Espresso shot of the day – Aditya Birla Capital Ltd up by 7.35 percent

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Espresso shot of the day – Aditya Birla Capital Ltd up by 7.35 percent

August 06, 2021
Espresso shot of the day – Aditya Birla Capital Ltd up by 7.35 percent

ADITYA BIRLA CAPITAL LTD 122.00 (+7.35%) BSE – INE674K01013 | 6TH AUGUST 2021


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 22,500 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 2,00,000 agents / channel partners and several bank partners. As of Mar 31, 2021, Aditya Birla Capital Limited manages aggregate assets under management of over Rs 3,350 billion, has a consolidated lending book of approximately Rs 606 billion and an active customer base of over 24 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 1,40,000 employees, belonging to 100 nationalities, the Aditya Birla Group operates in 36 countries across the globe.

Recent Drivers

  • On Aug 6, 2021, the Securities and Exchange Board of India (SEBI) has approved Aditya Birla Capital’s AMC arm’s draft red herring prospectus (DRHP). Aditya Birla Sun Life AMC is eyeing an initial public offering (IPO) in the Sept-Oct 2021 period.
  • On Aug 5, 2021, Aditya Birla Capital Limited reported net profit of Rs 26.49 crores in the quarter ended June 2021, up 3779.17% from net loss of Rs 0.72 crores during the previous quarter ended June 2020.
  • On Aug 5, 2021, Aditya Birla Capital Limited reported net sales at Rs 41.73 crores in June 2021, up 419.68% from Rs 8.03 crores in June 2020.
  • On Aug 2, 2021, the Stakeholders Relationship Committee of the company has allotted 48,230 equity shares of the face value of Rs 10 each at their meeting, pursuant to the exercise of the Employee Stock Options and Restricted Stock Units under the company’s ABCL Scheme 2017.
  • On July 1, 2021, the company allotted 3,84,410 equity shares of the face value of Rs 10 each, pursuant to the exercise of Employee Stock Options, Restricted Stock Units and Performance Restricted Stock Units under the company’s ABCL Scheme 2017 and ABCL Incentive Scheme.
  • On June 1, 2021, the company allotted 1,10,882 equity shares of the face value of Rs 10 each, pursuant to the exercise of Employee Stock Options, Restricted Stock Units and Performance Restricted Stock Units under the company’s ABCL Scheme 2017.
(Sources: Moneycontrol, BSEIndia, Business Standard)


Technical Force*

  • S&P BSE 200 month till date gain up by -0.22%
  • Spurt in volume by more than 8.33 times compared to previous volume | 3 months avg. volume: 3,41,813
  • Quantity traded: 20,33,898 | Deliverable quantity: 8,68,057 (42.68%)
  • Stock price has jumped more than 175% from one-year low level: 56.80 (Aug 7, 2020)
  • Daily RSI (14) is in OverSold territory today
  • 52-week-high: 139.60 | 52-week-low: 56.80

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

198.90

157.10

121.05

79.25

43.20

1.40

-

-

Fibonacci Pivot

157.10

127.36

108.99

97.16

79.25

61.34

49.51

31.14

1.40


Today’s Close

122.00

SMA

BSE

10 DAY

117.30

20 DAY

119.08

50 DAY

119.85

200 DAY

104.83


Some Key Ratios (Source: BSE)

Market Cap: 29,473.07 crores

PE: 293.98

OPM%: -

ROE%: 1.05

Promoters holding%: 70.69

Prev. Close: 113.65

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.