This asset management company of Aditya Birla Group can give 70 percent return

Multibagger Stock: Investing in Aditya Birla Sun Life AMC (ABSL AMC), the asset management company of the Aditya Birla Group, can be a profitable deal for you. Broking house Centrum has advised investors to buy shares of Aditya Birla Sun Life AMC. Centrum has asked investors to buy shares of Aditya Birla Sun Life AMC with a target of Rs 1,000, 70 percent more than the current level.

Let us tell you that the share of Aditya Birla Sun Life AMC was trading at Rs 577 on Tuesday. The company’s IPO came in the last week of September. The company had fixed the price band at Rs 695-712 per share. The company was listed on the stock exchange in the month of October. But still the share of Aditya Birla Sun Life AMC is trading below its issue price.

Let us tell you that Aditya Birla Sun Life AMC is the fourth largest company in its area. According to Centrum, Aditya Birla Sun Life AMC can benefit tremendously due to the growth prospects in the company, strong growth in the stock market, and increasing number of investors.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

Read also:

Multibagger Stock Tips: This multibagger stock has doubled shareholders’ money in one year, do you have it?

Multibagger Stock Tips: This penny stock did amazing, gave 881 percent return to the shareholders in 8 months