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    HomeNewsBusinessStocksBuy Nippon India Life Asset Management: target of Rs 502: Sharekhan

    Buy Nippon India Life Asset Management: target of Rs 502: Sharekhan

    Sharekhan is bullish on Nippon India Life Asset Management has recommended buy rating on the stock with a target price of Rs 502 in its research report dated October 26, 2021.

    Broker Research
    October 27, 2021 / 16:33 IST
       
       
      26 Aug, 2025 12:21
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      Sharekhan's research report on Nippon India Life Asset Management

      Q2 numbers beat estimates with PAT growing by 47% y-o-y and ~18% q-o-q to Rs. 231 crore led by a strong rise in other income. Quarterly average assets under management (QAAUM) stood at Rs 2,655 billion, rising by ~33% y-o-y and ~11% q-o-q. Market share rose by 22 bps to 7.3% in H1FY22 driven by robust performance of funds, strong risk management and a wide distribution network.

      Outlook

      We maintain a Buy rating on NAM India with price target (PT) of Rs. 502.

      For all recommendations report, click hereDisclaimer: 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.

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      Broker Research
      first published: Oct 27, 2021 04:32 pm

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