Nomura Names Piramal Finance Its Top NBFC Pick, Retains Buy Rating
Nomura maintained its Buy rating and Rs 2,550 target price for Piramal Finance, naming it its top NBFC pick. The headline also reports a 67% jump in Q2 profit.
Nomura kept its Buy rating on Piramal Finance and set a target price of Rs 2,550, making the lender its preferred NBFC among the companies it covers. The brokerage cited healthy operating trends, a smaller legacy book and management confidence in a…