We continue to be cautious about medium-term challenges to India’s mutual fund industry, which will likely pressure CAMS’ revenues, driving (moderate) 14% EPS CAGR during FY2021-24E. Key pick among MF…
Tag:
DCFbased
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We initiate coverage with an ‘add’ rating and DCF-based fair value of Rs 1,850 (5% upside). Key pick among MF plays: CAMS’ prospects are directly linked to those of India’s…
