Abans Holdings Limited gets buy call with target price of Rs 710 | Check details here
GH News September 24, 2024 01:06 AM
Abans Holdings Ltd has received a buy call from Aditya Birla Money Ltd. with a target price of Rs. 710. Abans Holdings Ltd. (AHL) is the financial services company that caters to whole gamut of financial businesses such as Asset Management Institutional Broking Financial Lending Treasury operations and Remittance Services. AHL is also a investment manager to SEBI registered Alternative Investment Funds in India. AHL was incorporated in the year 2009 and got listed on BSE and NSE in the year 2022. The company has a strong leadership team comprising of experienced professionals and domain experts. AHL also has a distinguished board comprising of Ex SEBI professionals and other celebrated names. AHL has global presence with established operations in countries including India United Kingdom Dubai Shanghai Hongkong and Mauritius. AHL has grown from being a commodities trading company into a diversified multi-asset and multi-national financial services company having varied financial services businesses which are mainly segmented under – Agency Business Finance Business and Capital Business. Under the Agency Business vertical Abans International Limited (AIL) a fund under the Abans Holdings Limited umbrella has an AUM of Rs 853 crore as on 30th June 2024. Our flagship fund i.e. The Global Arbitrage Fund which is a part of AIL has delivered a consistent & average 8%+ USD return in the last 5 years. Through its Agency business AHL also offers opportunities in multi-asset global institutional trading in equities commodities and currency. Besides it also offer private client broking asset management and investment advisory services wealth management services to corporate institutions and high net worth individuals. AHL through its subsidiaries holds a SEBI Registered Portfolio Management License SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India including BSE NSE MSEI MCX NCDEX ICEX and IIEL. AHL through its subsidiary Abans Global Limited (AGL) is a Broker Member on the Dubai Gold and Commodities Exchange (DGCX) an Associate Trade Member on the London Metal Exchange (LME) Trader Member on Dalian Commodity Exchange (DCE) International Energy Exchange (INE-Shanghai) Singapore Exchange (SGX) Shanghai International Gold Exchange (SGEI). AGL is also the only registered Qualified Foreign Institutional Investor (QFII) for Chinese Markets. (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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