Buy Nippon Life India Asset Management, target price Rs 310: Yes Securities

Yes Securities has buy call on Nippon Life India Asset Management with a target price of Rs 310. The current market price of Nippon Life India Asset Management Ltd. is Rs 280.95. Time period given by analyst is Intra Day when Nippon Life India Asset Management Ltd. price can reach defined target.

Nippon Life India Asset Management Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 17503.58 Crore) operating in Financial Services sector.

Nippon Life India Asset Management Ltd. key Products/Revenue Segments include Investment Management & Advisory Fees and Income From Portfolio Management Services for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 372.44 Crore, up .95 % from last quarter Total Income of Rs 368.93 Crore and up 2.90 % from last year same quarter Total Income of Rs 361.96 Crore. Company reported net profit after tax of Rs 174.84 Crore in latest quarter.

Investment Rationale
It has confirmed ABC bullish breakout on P&F chart, post a period of consolidation at the bottom.

Promoter/FII Holdings
Promoters held 73.8 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.32 per cent, DIIs 2.2 per cent.