India's Nippon Life gains on Q2 profit rise

Nippon Life India Asset Management

31/10/2023 08:52

** Shares of Nippon Life India Asset Management  NIPF.NS 
rise 5.2% to 390 rupees 
    ** Co reports a near 19% rise in Sept-qtr net profit to 2.44
bln rupees ($29.32 mln)
    ** NIMF's average assets under management stood at 3.51 trln
rupees, as of Sept. 30 
    ** Over 1.8 mln shares change hands as of 2:20 p.m. IST,
1.9x 30-day avg 
    ** Stock currently trading above 50-day, 100-day and 200-day
moving avg
    ** Of 15 analysts tracking company, 13 maintain "buy" or
higher and two suggest "hold"; median TP is 410 rupees - LSEG
Data 
    ** Including session's moves, YTD gains at 56.4% 

($1 = 83.2270 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))