AMC stock is trading at 52 week low. Should you buy after Q2 results?

what are brokerages AMC Stock Post Q2 result –

“Nippon AMC beat our 2Q23 operating profit estimate by 2%, driven by a better-than-expected top-line, which in turn benefited from an improved yield. Management noted improved mix and increased returns. It cited several levers for recovery in recovery including higher propensity to charge in debt schemes. The company is seeing stabilizing equity AUM market share, but debt schemes saw sharp market share decline during 2Q,” said Global Brokerage. CLSA reiterated its positive outlook on Nippon AMC shares with target price. 370.

“Nippon reported a profit of 2.1bn for 2QFY23, down 4% YoY and exceeding our forecast on the back of strong other earnings. AUM growth was soft at 7% year-on-year and revenue lags as yield declines. Improvement in fund-ranking and better inflows could lead to higher AUM/top-line growth. SIPs have improved inflows and NAM continues to have a strong presence in the B-30 markets. The valuation is reasonable, so we are on the buy side,” said another global brokerage, Jefferies, with a target price. 325.

Nippon Life AMC has successfully maintained its equity market share at 6.3% (constant QoQ) and the management has stated that they see an increase in net equity inflows on the back of an improvement in the fund’s performance and equity market share growth from these levels. should be,” JMFinancial said while maintaining the buy tag with a target price of Rs. 350. “The prolonged period of sharp declines in equity market share and/or outflows poses a major risk to our projections.”

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.