Finance
Finance - AMC
from 1,172 today
We attended NAM analyst meet, wherein senior management reiterated its strategy of profitable growth, focus on sticky flows through unique investor addition, and deeper regional penetration. We tweak multiple to 38x from 36x on Sep-28 core EPS and raise TP to INR1,250 from INR1,225, retaining our BUY rating.
Nippon AMC remains well positioned within the domestic asset management industry, supported by its strong retail presence, industry-leading investor base, growing market share and diversified product portfolio across mutual funds, ETFs, alternatives and offshore offerings. We recommend 'BUY' rating on the stock, with a revised target price of Rs. 1,346.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
