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

Yes Securities has a call to buy on Nippon Life India Asset Management with a target price of Rs 310. The current market price of Ltd. is Rs 280.95. The time period given by the analyst is Intra Day when the price of Nippon Life India Asset Management Ltd. can achieve the set goal.

Nippon Life India Asset Management Ltd., incorporated in 1995, is a large capitalization company (having a market capitalization of Rs 17503.58 Crore) operating in the financial services sector.

The main products/revenue segments of Nippon Life India Asset Management Ltd. includes investment management and advisory fees and income from portfolio management services for the year ending March 31, 2022.


For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 372.44 Crore, up 0.95% from last quarter. Total revenue of Rs 368.93 Crore and up by 2.90% compared to the same quarter last year. Total revenue of Rs 361.96 Crore. . The company reported a net profit after tax of Rs 174.84 Crore last quarter.


Investment rationale
It confirmed ABC’s bullish breakout on the P&F chart, after a period of consolidation at the bottom.

Promoter/Fii Holdings
The promoters held 73.8% of the company’s capital as of March 31, 2022, while the FIIs held 13.32% and the DIIs 2.2%.

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