Birla Group

Mukesh Ambani, Chairman of Reliance Industries Limited, announced an investment of Rs 75,000 crore in UP in the coming four years. About one lakh new jobs are expected to be created by this investment. Speaking at the event, Ambani said that the state would become a trillion dollar economy within the next five years.

The Company, through its subsidiaries, continues to maintain its track record of delivering strong performance through market and macroeconomic cycles, with its diversified business model. NBFC and housing finance business: The overall lending book of the company rose 22 per cent on-year to Rs 69,887 crore, with strong focus on retailisation, with a total active customer base at over 4.8 million.

They are Motilal Oswal, Credit Suisse, HDFC Securities, ICICI Securities, Investes, and Morgan Stanley, and their target price falls in the range of Rs 130 to Rs 169. ICICI Securities pegged the highest at Rs 169, whereas Credit Suisse the lowest at Rs 130. It posted a rise of 20 per cent in its consolidated profit after tax at Rs 450 crore Q4, whereas the consolidated revenue rose 18 per cent year on year to Rs 6,962 crore.

Aditya Birla Capital is the holding company of all the financial services businesses of the Aditya Birla group. "It continues its credible makeover journey to drive consolidated return ratios closer to franchise potential over the next three years," the brokerage said. However, stiff competition from peers and new entrants and worsening of asset quality in the lending book due to the potential third wave of the Covid pandemic.