Citi lifts TP on India's Aditya Birla Sun Life AMC, cites improving fund performance

Aditya Birla Sun Life Amc

24/04/2026 09:28

** Citi raises TP on asset manager Aditya Birla Sun Life AMC ADIE.NS to 1,195 rupees from 1,130 rupees, representing a 14.1% upside to the stock's last close

** Maintains "buy" rating on stock

** Brokerage says performance of ABSL AMC's select schemes has shown "green shoots" over the past few quarters

** Says, steady gains in key equity funds could reverse outflow trends and help grow assets under management

     ** Notes SIP flow market share has picked up from the last quarter

** Says being added to the approved product lists of some bank partners is a positive sign for future business growth

** "We remain upbeat on incremental business momentum even as full revival of operational trends will likely play out gradually," - Citi

** ADIE shares up 1.2% in afternoon trading, they have risen 31.6% so far in 2026

 (Reporting by Abhinav Parmar)

 ((Abhinav.Parmar@thomsonreuters.com;))