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Buy Nippon Life India Asset Management; Target Of Rs 345: Sharekhan

Sharekhan is bullish on Nippon Life India Asset Management has recommended buy rating on the stock with a target price of Rs 345 in its research report dated October 27, 2020.

Nov 2, 2020 / 03:04 PM IST
 
 
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Sharekhan's research repor on Nippon Life India Asset Management


Nippon Life India Asset Management’s (NAM’s) Q2FY2021 results were encouraging with ahead of expectations operational numbers, helped by cost control and stable AUMs. The AUM decline trend seen in Q1 was arrested, which is encouraging. With MNC ownership, there is more stability and can result in improved global funds flow for NAM. We have fine-tuned our estimates for FY2021E and FY2022E and introduce FY2023E estimates in this note.


Outlook


We maintain our Buy rating on the stock with a PT of Rs. 345.


For all recommendations report, click here


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first published: Nov 2, 2020 03:04 pm

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