Tulsian told CNBC-TV18, "I have chosen as Aditya Birla Money with price target of Rs 57 for the day. The old name was Apollo Sindhoori - which was acquired by Aditya Birla Nuvo or the Kumar Mangalam Birla Group with the stake of 76% and if you see three investors, they are holding about 12% stake in the company. So virtually 88% of the stock is either a promoter equity or quasi promoter equity."
He further added, "If you see the company has about 800 owned and franchise network with customers of about 1,80,000 to their broking, maybe commodity, PMS portfolio and all sort of things. The best part is that we have seen a good ramp up in the financial performance of the company post acquisition of the company by the Kumar Mangalam Birla Group or maybe Aditya Birla Group where we have seen the performance or maybe the bottomline increasing about 600-700%. I am expecting the improvement in the financial performance to continue for remaining period of time."
"It is at a market cap of Rs 300 crore which I think is very low for any broking stock having such a national PAN India presence with such a good distribution and a franchise network with the huge customer base. So my call is quite positive on the stock not for the day though I have given a target of Rs 57 for the day, my call remains quite positive even those who can remain invested taking two-three months call where they can expect a price of Rs 75."
