Macquarie has reiterated an outperform rating on Aditya Birla Capital (AB Capital), setting a target price of ₹285, suggesting an upside of 32.7% from the CMP of ₹214.90. The brokerage highlights a positive beat on Aditya Birla Finance Limited (ABFL), though Value of New Business (VNB) margins are continuing to decline. Credit costs have also improved, driven by a reduction in the Provision Coverage Ratio (PCR). However, the performance of Aditya Birla Sun Life Insurance (ABSLI) was disappointing, with margins facing continued pressure.
Current Market Price (CMP): ₹214.90
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor for any investment decisions.
