Anil Singhvi suggests buying this AMC scrip for up to 70% returns; check target

Zee Biz web team

ZeeBiz Desk

Jul 18,2024

Equity benchmark indexes fell shortly after reaching fresh record highs in turbulent trading on Thursday, July 18.

Anil Singhvi's pick

Meanwhile, market wizard and Zee Business managing editor Anil Singhvi has chosen a budget stock for investors.

Stock to buy before Budget

He recommends buying Aditya Birla Sunlife Ltd AMC (ABSL AMC) from 1-2 years perspective.

Share price target of ABSL AMC

Anil Singhvi has advised buying ABSL AMC. This share has to be bought for 1-2 years. Its targets are Rs 850, Rs 1,000, and Rs 1,200.

ABSL AMC price range

According to him, buy this stock whenever it falls. There has been a good rise in this stock in the last 1-1.5 months.

Expected returns on ABSL AMC stock

On July 16, ABSL AMC shares closed at Rs 708.7 each. This means, the share has a potential upside of up to 70 per cent from its last closing price.

Why Singhvi is bullish on this stock

There are strong Indian promoters. There is continuous large and regular investment in SIP. The company will benefit from this.

"In this stock, 18 per cent growth is expected annually. The company's income can double in the next three years," said Singhvi.

The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.