Buy JM Financial, target price Rs 65: ICICI Securities
ICICI Securities has recommended a buy call on JM Financial, with a target price of Rs 65. Despite reporting a consolidated total income of Rs 871.16 crore for the quarter ended 31-03-2023, which is down 7.92% from the previous quarter, the company is expected to perform well in FY24E with sustained growth in its lending business and anticipated recoveries from the ARC segment.
