ICICI Direct's research report on Nippon Life India AMC
Nippon Life India AMC is among the largest asset managers in India with an AUM size of Rs 3.79 lakh crore. The company has a strong distribution network with ~80000 distributors.Market share as on Q1FY22 was at 7.2% Strong presence in B-30 cities that contribute to ~19% of total AUM
Outlook
We upgrade the stock from HOLD to BUY recommendation We value Nippon AMC at ~38x FY23 EPS to arrive at a revised target price of Rs 480 per share from Rs 360 earlier.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
