Aditya Birla Fashion and Retail Shares: Buy Aditya Birla Fashion and Retail Price Target Rs 348: Axis Securities

Axis Securities has a call to buy on Aditya Birla Fashion and Retail with a target price of Rs 348. The current market price is Rs 300.4. The period given by the analyst is 4 weeks when . the price can reach the set target.

Aditya Birla Fashion and Retail Ltd., incorporated in 2007, is a large capitalization company (having a market capitalization of Rs 28085.48 Crore) operating in the retail sector.

Aditya Birla Fashion and Retail Ltd. Major products/revenue segments include apparel, home and accessories, commissions, scrap metal, export incentives, other operating revenue and other services for the year ending March 31, 2022 .

Finance

For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 2905.88 Crore, up 25.82% from last quarter, total revenue of Rs 2309.55 Crore and in up 247.47% from the same quarter last year, total revenue of Rs 836.29 Crore. The company reported net profit after tax of Rs 93.81 Crore last quarter.

Investment rationale
RSI daily and weekly strength indicator is in bullish mode which supports rising strength


Promoter/Fii Holdings
The promoters held 56.09% of the company’s capital as of June 30, 2022, while the FIIs held 13.24% and the DIIs 19.57%.

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