13-Oct-2026 08:59:10
ICICIAMCGeneral news
EMKAY ON ICICI PRUDENTIAL AMC ; BUY | TP ₹3,800
• Mutual fund average AUM grew ~4% QoQ to ₹11.6 lakh crore. • PAT stood at ₹890 crore, down 8% QoQ due to lower other income, but ~4% above estimates. • Management sees building the mid- and small-cap equity franchise as a 5–7 year strategic effort. • FY27E–FY29E earnings estimates remain largely unchanged. • Target price implies ~43x FY28E P/E.
ICICI PRUDENTIAL AMC LTD