Nippon Life India Asset Management Ltd Share Price – NSE /  BSE

Finance, Small Cap

Nippon Life India Asset Management has allotted 10,16,915 equity shares under ESOP on 09 August 2024. With this allotment, the paid up equity share capital has increased to 63,27,80,463 equity shares of Rs 10 each.

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The equity benchmarks pared early losses and traded with minor gains in morning trade. The Nifty traded above the 24,550 mark. Pharma shares advanced after declining in the past trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 118.43 points or 0.14% to 80,715.34. The Nifty 50 index rose 37.30 points or 0.15% to 24,564.80.

The broader market outperformed the headline indices. The S&P BSE Mid-Cap index added 1.03% and the S&P BSE Small-Cap index gained 0.80%.

The market breadth was positive. On the BSE, 2,299 shares rose and 1,377 shares fell. A total of 193 shares were unchanged.

Result today:

Coforge (up 0.52%), Cyient DLM (up 2.08%), Dodla Dairy (up 2.84% ), Greenlam Industries (down 0.84% ), IDBI Bank (up 1.38%), Indian Overseas Bank (up 0.64% ), Mahindra Logistics (up 1.45%), Maharashtra Scooters (up 0.34%), Mangalore Refinery & Petrochemicals (up 1.60%), Poly Medicure (up 2.13%), Supreme Industries (up 0.60%), Suzlon Energy (up 0.73%), UCO Bank (up 0.29%), Zensar Technologies (up 0.67% ) and ZF Commercial Vehicle Control System India (down 0.44%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty Pharma index rose 0.96% to 20,319.70. The index shed 1.65% in the past trading sessions.

Torrent Pharmaceuticals (up 2.21%), Granules India (up 1.84%), Natco Pharma (up 1.49%), J B Chemicals & Pharmaceuticals (up 1.31%), Lupin (up 1.31%), Alkem Laboratories (up 1.25%), Zydus Lifesciences (up 1.19%), Dr Reddys Laboratories (up 1.06%), Ipca Laboratories (up 1.06%) and Sanofi India (up 0.79%) edged higher.

On the other hand, Mankind Pharma (down 0.57%), Abbott India (down 0.45%) and Glenmark Pharmaceuticals (down 0.21%) declined.

Stocks in Spotlight:

Nippon Life India Asset Management rallied 4.24% after the company’s consolidated net profit jumped 40.99% to Rs 332.33 crore in Q1 FY25 as compared with Rs 235.72 crore posted in Q1 FY24. Total income climbed 34.98% year on year (YoY) to Rs 635.76 crore in the quarter ended June 2024.

Oberoi Realty advanced 4.05% after the real estate developer’s consolidated net profit surged 81.73% to Rs 584.51 crore in Q1 FY25 as against Rs 321.64 crore posted in Q1 FY24. Revenue from operations climbed 54.42% to Rs 1405.16 crore in Q1 FY25 as compared to Rs 909.97 crore recorded in the corresponding quarter last year.

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Total income climbed 34.98% year on year (YoY) to Rs 635.76 crore in the quarter ended June 2024.

Revenue from operations was at Rs 504.96 crore in Q1 FY25, registering a growth of 42.58% on YoY basis.

Profit before tax (PBT) surged 41.56% to Rs 438.75 crore in the June quarter from Rs 309.93 crore recorded in the corresponding quarter previous year.

Total expenses added 22.3% to Rs 197.01 crore in Q1 FY25 as compared with Rs 161.09 crore in Q1 FY24.

Core operating profit stood at Rs 308 crore in Q1 FY25, up 59.42% from Rs 193.2 crore recorded in Q1 FY24.

As on June 2024, NAM India’s assets under management stood at Rs 6.04 lakh crore ($ 72.4 billion). NIMF’s average assets under management stood at Rs 4.84 lakh crore ($58.0 billion), up 54% YoY in Q1 FY25.

During the quarter, share of equity assets rose to 49.8% of NIMF’s AUM as against 44.5 % as on 30 June 2023. Individual AUM (retail + HNI) was at Rs 2.98 lakh crore ($35.7 billion), registering a growth of 16% QoQ. This segment contributed 58% to NIMF’s AUM.

NIMF has one of the largest retail assets in the industry, at Rs 1.54 lakh crore ($ 18.5 billion). Retail assets contributed 30% to NIMF’s AUM as against industry average of 27%.

NIMF is one of the largest ETF players with AUM of Rs 1.30 lakh crore ($15.5 billion) and a market share of 17.79%.

Sundeep Sikka, ED & CEO, NAM India, said “We continue to witness improvement in overall market share as well as across asset classes – with a strong increase in equity market share. We are humbled to have the trust of 17.5 million unique investors i.e. 1 in every 3 mutual fund investors – highest investor base in the Industry.”

NAM India is the asset manager of Nippon India Mutual Fund (NIMF). The company is involved in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services (PMS), alternative investment funds and pension funds; and offshore funds and advisory mandates.

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Total income climbed 34.98% year on year (YoY) to Rs 635.76 crore in the quarter ended June 2024.

Revenue from operations was at Rs 504.96 crore in Q1 FY25, registering a growth of 42.58% on YoY basis.

Profit before tax (PBT) surged 41.56% to Rs 438.75 crore in the June quarter from Rs 309.93 crore recorded in the corresponding quarter previous year.

Total expenses added 22.3% to Rs 197.01 crore in Q1 FY25 as compared with Rs 161.09 crore in Q1 FY24.

Core operating profit stood at Rs 308 crore in Q1 FY25, up 59.42% from Rs 193.2 crore recorded in Q1 FY24.

As on June 2024, NAM India’s assets under management stood at Rs 6.04 lakh crore ($ 72.4 billion). NIMF’s average assets under management stood at Rs 4.84 lakh crore ($58.0 billion), up 54% YoY in Q1 FY25.

During the quarter, share of equity assets rose to 49.8% of NIMF’s AUM as against 44.5 % as on 30 June 2023. Individual AUM (retail + HNI) was at Rs 2.98 lakh crore ($35.7 billion), registering a growth of 16% QoQ. This segment contributed 58% to NIMF’s AUM.

NIMF has one of the largest retail assets in the industry, at Rs 1.54 lakh crore ($ 18.5 billion). Retail assets contributed 30% to NIMF’s AUM as against industry average of 27%.

NIMF is one of the largest ETF players with AUM of Rs 1.30 lakh crore ($15.5 billion) and a market share of 17.79%.

Sundeep Sikka, ED & CEO, NAM India, said “We continue to witness improvement in overall market share as well as across asset classes – with a strong increase in equity market share. We are humbled to have the trust of 17.5 million unique investors i.e. 1 in every 3 mutual fund investors – highest investor base in the Industry.”

NAM India is the asset manager of Nippon India Mutual Fund (NIMF). The company is involved in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services (PMS), alternative investment funds and pension funds; and offshore funds and advisory mandates.

The scrip slipped 2.65% to end at Rs 634.55 on Friday, 19 July 2024.

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