BUZZ — Centrum cuts PT on India's ICICI Prudential Asset Management Co

* Brokerage Centrum cuts PT on ICICI Prudential Asset Management Co to 3,845 rupees from 3,900 rupees, retains 'buy' rating * Says Q2 was a healthy quarter amidst tougher equity markets * Asset management co's Q2 profit rises 6.1% Y/Y to 8.89 bln rupees ($92.8 mln), revenue rises 16.3% Y/Y * Emkay says management mentioned that co saw redemption pressure in certain schemes, including hybrid schemes, while gross sales were largely steady * Management sees building the mid- and small-cap segment as a 5-7 year effort — Emkay note * JPMorgan says IICL reported decent operating performance despite a difficult operating environment * IICL shares up 0.5% for the day, and up ~12% YTD ($1 = 95.7700 Indian rupees) (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;)