External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Equity Bottom-Up

Nippon Life India Asset Management / Equity Bottom-Up

Nippon Life India Asset Management (NAM IN)

<p>Long-term prospects of the Indian AMC industry continue to be positive given its low penetration levels vis--vis developed countries. On sustained cost controls and improved outlook, we maintain our BUY rating with a target price of Rs 485 (32x FY23E EPS).</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Long-term prospects of the Indian AMC industry continue to be positive given its low penetration levels vis--vis developed countries. On sustained cost controls and improved outlook, we maintain our BUY rating with a target price of Rs 485 (32x FY23E EPS).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nippon Life India Asset Management

Axis Annual Analysis:Nippon Life Ind.