Prabhudas Lilladher Recommends 'BUY' on ICICI Prudential AMC; Sets Target at Rs 3300
Business
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Moneycontrol•16-01-2026, 13:08
Prabhudas Lilladher Recommends 'BUY' on ICICI Prudential AMC; Sets Target at Rs 3300
- •ICICI Prudential AMC reported a strong quarter with equity QAAuM growing 7.3% QoQ, outperforming the industry.
- •Core income increased by 6.1% due to 12% lower operating expenses and 2% higher net revenue.
- •The company maintained the highest market share in net equity flows at 18.2% in 9MFY26, leading to a 28bps QoQ increase in equity market share to 13.9%.
- •ICICIAMC effectively managed the 5bps TER reduction impact through lower commission payouts and reduced ND share in equity distribution.
- •Prabhudas Lilladher raised core EPS for FY27/28E by 5.7%/6.8% and increased the target price to Rs 3,300 from Rs 3,000, reiterating a 'BUY' rating.
Why It Matters: Prabhudas Lilladher recommends buying ICICI Prudential AMC shares, citing strong performance and a raised target price.
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