JM Financial starts coverage on India's IndoStar Capital Finance with 'buy'
13/07/2026 06:51
BUZZ-JM Financial starts coverage on India's IndoStar Capital Finance with 'buy'
** Shares of IndoStar Capital Finance INAC.NS rise 0.3% to 270.40 rupees
** Brokerage JM Financial initiates coverage on the non-banking financial company with a "buy" rating and PT of 335 rupees
** Co is now entering growth phase supported by improving branch productivity, scaling up of MicroLAP franchise and better utilisation of its infrastructure, the brokerage says
** INAC has undertaken multiple corrective measures including tighter underwriting standards, sale of stressed assets and strengthening of collection infrastructure, it adds
** INAC up ~18% YTD
(Reporting by Vijay Malkar)
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