Asset management company (AMC) stocks to buy, hold: Nomura suggest to buy 2 midcap and hold 1 smallcap stock for up to 24% gains

With a view that AMC stocks offer a long runway for growth, Nomura has initiated buy on few of the AMC stocks for gains up to 24 per cent.

ZeeBiz WebTeam | Oct 09, 2024, 09:07 AM IST

Global brokerage Nippon is bullish on asset management companies (AMCs) and says these companies provide strong play on financialization of savings. The brokerage pointed that the AMC's industry's AUM is expected to report a strong CAGR over FY24-30.

 

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Stocks to buy: Nippon Life

Stocks to buy: Nippon Life

The brokerage has initiated a buy call on the stock with a target of Rs 785 per share. The stock offers a potential upside of 24 per cent.

 

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Stocks to buy: HDFC AMC

Stocks to buy: HDFC AMC

The brokerage has initiated a buy call on the stock with a target of Rs 5000, implying an upside of 19 per cent.

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HSBC gives a hold view on HDFC AMC

HSBC gives a hold view on HDFC AMC

The brokerage has maintained its hold call on the stock with a raised target of Rs 4,150.

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UTI AMC

UTI AMC

Nomura maintains a neutral call on the stock with a target of Rs 1,300. The set target implies a potential upside of 9 per cent.

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View on AMC companies

View on AMC companies

The brokerge expects the industry to post an 18 per cent CAGR in its AUM over FY24-30F, led by growth in equity & passive segments

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