JPMorgan Joins 29 Analysts with Unanimous 'Buy' Rating on This Stock
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Max Financial: JPMorgan Joins All 29 Analysts with 'Buy' Rating, Predicts 25% Upside
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CNBC TV18•11-03-2026, 12:30
Max Financial: JPMorgan Joins All 29 Analysts with 'Buy' Rating, Predicts 25% Upside
•JPMorgan initiated coverage on Max Financial Services Ltd. with an "overweight" rating and a price target of ₹2,170, projecting a 25% upside.
•All 29 analysts covering Max Financial Services Ltd. currently hold a "buy / overweight" rating on the stock.
•JPMorgan also initiated "overweight" recommendations on peers like SBI Life, HDFC Life, ICICI Prudential Life, and LIC, citing sharp stock price declines.
•India's life insurance sector is poised for growth, driven by GST exemption on individual policies (effective Sept 22, 2025) and improved payout structures.
•Key catalysts for the sector include commission reform, sustained protection growth, margin recovery, and gains by larger insurers.
