Nippon Life shares plunge 9% after steep fall in Q4 profit, but analysts remain bullish
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."
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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