Buy Nippon Life India Asset Management, target price Rs 455: IIFL

IIFL has buy call on Nippon Life India Asset Management Ltd. with a target price of Rs 455. The current market price of Nippon Life India Asset Management is Rs 435.6.

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 26949.60 Crore) operating in Financial Services sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 361.96 Crore, down -9.25 % from last quarter Total Income of Rs 398.84 Crore and up 142.02 % from last year same quarter Total Income of Rs 149.56 Crore. Company reported net profit after tax of Rs 166.51 Crore in latest quarter.

Investment Rationale
Stock has given a flag pattern breakout on the hourly chart

Promoter/FII Holdings
Promoters held 45 per cent stake in the company as of June 30, 2020, while FIIs held 22.3 per cent, DIIs 17.2 per cent and public and others 10.5 per cent.