Buy Aditya Birla Sun Life AMC; target of Rs 1200: Prabhudas Lilladher

Prabhudas Lilladher's research report on Aditya Birla Sun Life AMCWe initiate coverage on ABSLAMC with a ‘BUY’, valuing the stock at 27.5x on Sep’28 core EPS to arrive at TP of INR1,200. We are optimistic about its business prospects given the (1) improving equity performance, which is driving up n…