@DrHarshilRohit
The data below would explain the investment thesis for Aditya Birla Money!
As is evident, the Co. has been growing aggressively, both in Sales & profits, for the last several qtrs. I expect it to continue in much the same way qtr. after qtr. for the foreseeable future. With the economy booming, & a burgeoning young middle class looking to multiply its wealth, the share broking/ wealth mgt. business has never been better.
It is a subsidiary of Aditya Birla Capital, a company with a market cap of over 60K crs., & is being closely monitored by it. The business model is such that it is pretty much risk free using the latest technologies for risk mgt. The Co. is not into any wholesale funding of Corporates/builders etc., which has been the achilles heel for many finance companies.
As things stand, it seems to be a multi year hold for now. As the stock is currently in Trade-To-Trade category, it seems to be a good time to accumulate as I too am doing!
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