The Economic Times News

ICICI Prudential AMC gets first 'buy' call ahead of listing, PL sets Rs 3,000 target

ICICI Prudential AMC has received its first buy rating ahead of listing, with PL Capital setting a Rs 3,000 target, implying 39% upside from the IPO price. The brokerage cites strong parentage, market-leading equity flows, consistent fund performance and superior profitability as key drivers for long-term growth.