270.00 1.15 (0.43%)

29.61% Fall from 52W High

405.8K NSE+BSE Volume

NSE Dec 08, 2022 03:31 PM



270.00
0.43%
HDFC Securities
AU Small Finance Bank: AUBANK's earnings beat our estimates predominantly on the back of stronger-than-anticipated margins, partly offset by elevated operating expenses. Healthy business momentum with continued traction in the wheels' segment (+47% YoY) translated into a strong loan growth (+44% YoY). In an increasing interest rate environment, the bank is willing to calibrate its growth in order to protect margins and asset quality, which offers us comfort on AUBANK's strategy to remain conservative. Continued investments in franchise-building and new businesses are likely to drag the medium-term profitability vectors; however, we continue to watch out for visibility on operating leverage before we can turn constructive. We lower our FY23E/FY24E estimates by 3%/5% for higher opex; maintain REDUCE with a revised TP of INR594 (3.1x Sep-24 ABVPS). Nippon Life India Asset: Revenue was 2% ahead of the estimate as a result of sequential improvement in revenue yields. Market share in the high-margin equity segment finally improved, albeit 7bps QoQ to 6.2%; market share gains in this segment are key for long-term franchise strength and sustainability. We expect NAM to focus on improving performance in order to recoup its lost market share. Additionally, we expect NAM to capitalise on its rising credibility to raise HNI/institutional capital. We increase our FY23E earnings by 4% to factor in higher treasury income and build in FY22-25E revenue/NOPLAT CAGR of 13.7/17.8%. We maintain ADD on the stock with an unchanged target price of INR350 (24x Sep-24E EV/NOPLAT, following a derating in the AMC sector). Nestle India: Nestle reported a beat on revenue...
Nippon Life India As.. has an average target of 354.43 from 7 brokers.
270.00
0.43%
Number of FII/FPI investors increased from 153 to 170 in Sep 2022 qtr.
270.00
0.43%
Axis Direct
We maintain a BUY with a target price of Rs 360 (24x FY24E EPS), implying an upside of 35% from the CMP
Nippon Life India Asset Management Ltd. is trading below it's 100 day SMA of 280.6
270.00
0.43%
ICICI Securities Limited
Nippon Life Asset Management (NAM) reported QoQ improvement in yields ((46.5bps in Q2FY23 vs 45.2bps in Q1FY23).
Number of FII/FPI investors increased from 153 to 170 in Sep 2022 qtr.
270.00
0.43%
Axis Direct
We maintain its BUY rating with a target price of 360 (25x FY24E EPS), implying an upside of 17% from CMP.
Nippon Life India Asset Management Ltd. is trading below it's 100 day SMA of 280.6
270.00
0.43%
buy
KRChoksey
Yesterday Nifty started off almost flat declined gradually and remained sideways for the whole trading session. It eventually closed 0.06% higher in positive. Technically on a daily chart it has formed negative candle with lower shadow indicating range bound movement. It is also trading in a consolidation range past few trading sessions. There is a...
Nippon Life India Asset Management Ltd. is trading above it's 50 day SMA of 266.4
270.00
0.43%
Nippon Life India Asset Management Ltd. has lost -26.02% in the last 1 Year
270.00
0.43%
HDFC Securities
Nippon Life India Asset Management: Revenue was 3.8% below estimates as a result of pressure on revenue yields. Falling market share in the high-margin equity segment, at 6.2% (-17bps), was a double whammy in a falling equity yield environment. We expect NAM to focus on improving performance to recoup its lost market share. Additionally, we expect NAM to benefit from higher credibility to raise HNI/institutional capital. We lower our FY23E/24E earnings by 11%/ 5% to factor in lower margins and expect NAM to deliver FY22-24E revenue/NOPLAT CAGR of 9.3/12.1%. We maintain ADD on the stock with a reduced target price of INR365 (with a lower multiple at 27x Mar-24E EV/NOPLAT, following a derating in the AMC sector even as we roll forward our earnings). TTK Prestige: TTK Prestige's Q1FY23 revenue and EBITDA margin was a miss. Standalone revenue was up 68% YoY (HSIE 77%), clocking 11% three-year CAGR. The revenue growth was primarily led by strong performance in cookware, which was up 18% three-year CAGR. Gross margin contracted 257bps YoY to 42% (HSIE 41.5%). With carrying high cost inventory, we expect RM softening benefits will be majorly visible from Q3FY22. EBITDA margin came in at 13.8% (HSIE 15%). EBITDA was up 13% on three-year CAGR to INR 830mn (HSIE INR 951mn). Although home improvement and new housing theme is expected to sustain, we believe rising competition (renewed Butterfly under Crompton, etc.) will continue to keep earnings for TTK in check. As the earnings upcycle seems to be over, we cut our target multiple to 35x (37x...
Nippon Life India Asset Management Ltd. has lost -26.02% in the last 1 Year
270.00
0.43%
Keynote Capitals Ltd
Initiating Coverage Report
Nippon Life India As.. has an average target of 354.43 from 7 brokers.