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1 note from Elara Securities · all time

22 Oct 2026, 20:08 IST Nippon Life India Asset Management Limited Elara Securities (India) Private Limited Accumulate target INR 1,165

The report says Q2FY27 revenue rose 3.8% QoQ to INR 7,958mn but revenue yield slipped to 40.4bps as opex stayed flat and operating profit hit a record INR 5,375mn, while reported PAT fell 35.6% QoQ due to an exceptional SEBI settlement charge, leading Elara to retain Accumulate with a revised DCF-based target price of INR 1,165 (from INR 1,200), citing structural yield compression and a pause in market-share gains as near-term constraints despite 19% implied upside.

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