BOM:540767

Nomura Adjusts Nippon Life India Asset Management's Price Target to INR1,200 From INR1,050, Keeps at Buy

Jefferies Adjusts Nippon Life India Asset Management's Price Target to INR1,110 from INR1,040, Keeps at Buy

Nippon Life India Asset Management's Profit Climbs in Fiscal Q4

Nippon Life India Asset Management (NSE:NAM-INDIA, BOM:540767) said its consolidated profit attributable to the owners rose to 3.85 billion Indian rupees in the fiscal fourth quarter from 2.99 billion rupees a year ago.Earnings per share for the quarter ended March 31 climbed to 5.93 rupees from 4.65 rupees a year earlier, according to a Monday filing.Revenue from operations increased year on year to 7.39 billion rupees from 5.67 billion rupees.Additionally, the board of the company recommended a final dividend of 12.50 rupees per share for fiscal year ended March 31.

JM Financial Downgrades Nippon Life India Asset Management to Add from Buy; Price Target is INR1,030