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"We believe Aditya Birla Capital (ABCL) is poised to show strong growth in loans and earnings driven by its lending (NBFC and HFC) and savings (life insurance) businesses in the next several years," Macquarie analyst Suresh Ganapathy said in a report. ....
Aditya Birla Capital, part of the financial services space, could surpass 200 levels and reach a fresh 52-week high if the momentum sustains. Short-term traders can accumulate the stock for a bounce back towards 200 levels in the next 1-2 months, as the stock is trading well above most of the crucial short- and long-term moving averages. ....
One change for making higher provision for unsecured loans and we see all the NBFC stocks tumbling. But four weeks later what is the situation, no one on the street is even talking about it and stocks have crossed the level when the announcement was made. The fact is that some regulatory measures are indicators of overall growth potential which the regulator is just trying to moderate in order to avoid overheating of some segment of industry. The other question is that an industry like NBFC which is bound to grow given the fact that capital was, is and will remain a scarce commodity, which are the benchmark which one should use to take exposure with a long term perspective. ....