The company’s focus on using technology efficiently, client acquisition and increasing business partner network augurs well for the stock
Aditya Birla Money (ABM) is one of those stocks that have delivered spectacular returns to their shareholders. So, while Sensex and Nifty were touching new highs, ABM was quietly outperforming the broader markets.
ABM is in the business of offering investments and trading in stocks and securities through its various affiliations with stock exchanges. It offers portfolio management services to HNI and corporate investors. ABM also caters to investments in debt instruments and mutual funds through it digital platform to diversify asset allocation. As a depository participant, ABM has equity assets under custody worth around ₹25,000 crore, catering to over three lakh investors who hold stocks and securities, mutual funds and Insurance policies in electronic form.
Apart from the investors who have been the biggest beneficiaries of a dream run in the stock market, the stock brokers and mutual fund distributors also stand to benefit from the bullish momentum in equity markets.
This story is from the July 24, 2017 edition of Dalal Street Investment Journal.
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This story is from the July 24, 2017 edition of Dalal Street Investment Journal.
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