ABSLAMC BULLISH POSITIONAL TRADE
One can go long at current levels with a long term view with a Stop Loss of 480.
Positives :
1.ABSL AMC is the 4th largest asset management company in India.
2.Q3 FY22 Operating Revenue is at Rs. 3,343 million up 20% YoY.
3. Q3 FY22 Operating Profit before Tax (excluding other income) is at Rs. 2,302 million up 53% YoY.
4. Ratio of Profit before Tax to AAUM stood at 33.1 bps in Q3 FY22 versus 30.1 bps in Q3 FY21.
5. Q3 FY22 Profit after Tax is at Rs. 1,862 million up 27% YoY.
6. Return on Equity (annualized) for 9M FY22 was 36.8%.
7.Positive EPS 6.35
One can go long at current levels with a long term view with a Stop Loss of 480.
Positives :
1.ABSL AMC is the 4th largest asset management company in India.
2.Q3 FY22 Operating Revenue is at Rs. 3,343 million up 20% YoY.
3. Q3 FY22 Operating Profit before Tax (excluding other income) is at Rs. 2,302 million up 53% YoY.
4. Ratio of Profit before Tax to AAUM stood at 33.1 bps in Q3 FY22 versus 30.1 bps in Q3 FY21.
5. Q3 FY22 Profit after Tax is at Rs. 1,862 million up 27% YoY.
6. Return on Equity (annualized) for 9M FY22 was 36.8%.
7.Positive EPS 6.35