Centrum initiates Buy on SBI Funds Management
In short
Centrum Broking started covering SBI Funds Management with a Buy rating and a Rs 700 target. The reports say that could mean up to 34% upside.
It says SBI AMC’s wide network and retail reach could help growth over the next three years. The story does not say whether SBI Funds Management agreed or responded.
What the reporting says
Centrum Broking initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside, according to publisher summaries. The brokerage cited the company’s distribution network, B-30 reach, retail franchise and non-mutual fund businesses as support for AUM and earnings growth over the next three years. The reporting does not state any company response.
Why it matters
Centrum Broking initiated coverage on SBI Funds Management with a Buy call and a Rs 700 target, based on publisher-supplied summaries. The brokerage pointed to the asset manager’s distribution network, B-30 presence, retail franchise and non-mutual fund businesses as reasons it could grow AUM and earnings over the next three years. The reporting does not provide management comments or any updated financial results.