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Nippon Life shares plunge 9% after steep fall in Q4 profit, but analysts remain bullish
May 18, 2020 | By Moneycontrol.com
business
While having buy rating on NAM India with a target of Rs 300 per share, ICICI Direct said, "In the current environment, near term outlook remains uncertain but structural changes including increase in financial savings remains positive."
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Shares of Nippon Life India Asset Management fell 9.4 percent intraday on May 18 after a sharp decline in profitability for the quarter ended March 2020, but most analysts remained bullish on the stock citing a change in ownership which could gain credibility
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