ICICI Securities upgrades India's 360 One Wam to 'buy' on stronger flows outlook
BUZZ-ICICI Securities upgrades India's 360 One Wam to 'buy' on stronger flows outlook ** ICICI Securities upgrades 360 One Wam ONEW.NS to "buy" from "add"; retains PT of 1,240 rupees
** Brokerage says stronger annual recurring revenue (ARR) AUM flows, compelling valuation and long-term wealth management opportunity support upgrade
** Expects ARR AUM CAGR of 27.6% over FY26-FY28, driven by net flows of 437 billion rupees in FY27 and 563 billion rupees in FY28
** Expects PAT to rise to 13.3 billion rupees in FY27 and 16.7 billion rupees in FY28
** Stock rated "buy" on average by 10 analysts; median PT is 1,327.50 rupees - LSEG compiled data
** Stock down 12.6% YTD
(Reporting by Payel Das in Bengaluru)
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