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Prabhudas Lilladher's research report on ICICI Prudential Asset Management CompanyICICIAM saw a decent quarter as core income was a 3.7% beat due to higher revenue led by better MF yield at 48bps (PLe 46bps) which was attributable to net equity flows shifting to smaller equity schemes from flagship…
ICICI Prudential AMC shares rose 2% after reporting a 6% YoY net profit rise to Rs 889 crore in Q2 FY27. Major brokerages including Jefferies, Emkay, and Centrum retained positive ratings with revised target prices offering up to 30% upside potential, while a Rs 30 dividend was declared.
Post Q2, brokerages have shared a constructive view on ICICI Prudential AMC, with Jefferies saying the quarter was a beat led by higher revenue yield. It has kept Buy rating & raised target to ₹3,760.