Jm Financial

JM Financial flags growth concerns in Mankind Pharma; initiates with Reduce

JM Financial raised concerns around Mankind Pharma's recent BSV acquisition, which was executed at a high valuation and is expected to dilute return on capital

JM Financial Q3FY26 results: Net profit jumps 50% to ₹313 crore

JM Financial Ltd has reported a 50 per cent jump in its consolidated profit after tax of Rs 313 crore for the third quarter ended December 2025, driven by strong performance in its corporate advisory, capital markets and private business segments. The company had posted a profit after tax (PAT) of Rs 209 crore in the same period of the last year, the Mumbai-based company said in a regulatory filing on Thursday. For the nine months ended December 2025, JM Financial's PAT jumped 69 per cent year-on-year to Rs 1,037 crore, it added. Fees and commission income increased by 32 per cent to Rs 306 crore, while operating PAT rose 17 per cent to Rs 244 crore. Its consolidated net worth stood at Rs 10,418 crore, up 17 per cent. Vishal Kampani, Vice Chairman and Managing Director, JM Financial Ltd, said the company crossed Rs 1,000 crore in PAT during the first nine months, with strong execution of strategies across businesses. "Private Markets, which provides a natural hedge to volatility i

JM Financial initiates coverage on Thermax with 'Reduce' rating; check TP

JM Financial has initiated coverage on Thermax with a 'Reduce' rating and a sum-of-the-parts target price of ₹2,700

LG Electronics gets new 'Buy' at JM Fin on fundamentals, market leadership

JM Financial initiated coverage on LG Electronics with a 'Buy' rating and a target price of ₹1,630, an upside potential of nearly 19 per cent from the Monday's close

Ixigo shares rally 7% as JM Financial upgrades to 'Buy', eyes 29% upside

The stock rose to an intraday high of ₹228.40 per share. Around 11:00 AM, ixigo shares were trading 6.87 per cent higher at ₹227.85 apiece. By comparison, the BSE Sensex was down 0.08 per cent at 83,8

JM Financial initiates Adani Power, sees upside on rising power demand

On the financial front, JM Financial expects revenue and Ebitda to grow at a CAGR of 15 per cent and 18 per cent, respectively, over FY25-28, driven by ongoing capacity additions.

JM Financial initiates Brigade Enterprises with 'Buy'; sees 17% upside

Brigade Enterprises has a proven track record of scaling up its residential, annuity and hospitality businesses through aggressive land acquisition and capital expenditure, JM Financial said

JM Financial AMC expands AIF platform with ₹1,000 crore real estate fund

JM Financial Asset Management Company is expanding its Alternative Investment Fund (AIF) platform with the launch of Rs 1,000 crore early-stage real estate fund to address the sector's financing gap. "Our objective is to build a comprehensive AIF ecosystem that supports India's next phase of enterprise growth. We are creating strategies that are thematic, real asset-?backed and focused on non-traditional opportunities," JM Financial Asset Management Ltd MD and CEO Amitabh Mohanty told PTI. The AIF platform will offer specialised pools of capital across credit, real estate and pre-IPO opportunities, he said. JM Financial has launched its early-stage real estate (RE) fund, which capitalises on the group's expertise and track record over more than a decade managing real estate credit, he said, adding that the fund aims to bridge the capital gap that traditional lenders are unable to address due to regulatory constraints. The fund aims to raise Rs 1,000 crore, with likely first close o

Knowledge Realty gets new 'Add' from JM Financial; limited upside seen

JM Financial has set a target price of ₹130 per share for Knowledge Realty, implying a potential total return of 7.5 per cent

Amber Enterprises target price cut at JM Financial; check outlook, target

JM Financial cut its earnings per share estimates for the FY25-26 to FY27-28 period by 3-5 per cent to account for higher minority interest and lower revenue assumptions for FY27-28

JM Financial starts coverage on KPR Mill with 'Buy'; check target price

JM Financial has set a target price of ₹1,215 per share, implying an upside potential of 21 per cent

JM Financial Home Loans targets 30% annual AUM growth to FY27

JM Financial Home Loans aims to scale AUM to Rs 5,000 crore by FY27, driven by branch expansion, higher ticket sizes and tighter early-stage delinquency controls, MD & CEO Manish Sheth said

Gold loans, fee income to power Capri Global; JM Financial starts coverage

JM Financial said the non-bank lender's diversified retail-focused franchise, strong asset quality and expanding non-interest income engine position it well for sustained growth.

Why is JM Financial upbeat on Belrise Industries? Starts coverage with Buy

JM Financial has set a target price of ₹215 for Belrise Industries stock, valuing it at 25x FY28E P/E

Explained: How will implementation of the CoSS impact Swiggy, Eternal?

According to JM Financial Institutional Securities, in a worst-case scenario, the amount payable by Eternal and Swiggy towards the fund would work out to around ₹2.1-2.5 per order

Adani Green Energy newly rated 'Buy' at JM Financial; 18% upside seen

Over the years, according to JM Financial, Adani Green Energy has shown a strong track record in execution - adding almost 14 GW in the last 10 years

Power market coupling faces delay, unlikely before December 2027: Report

A J M Financial report says regulatory and procedural hurdles could delay India's proposed power market coupling until late 2027, affecting IEX's market share projections

Brokerages say 'Buy' Reliance Industries after Q2 show; check target here

RIL reported a consolidated net profit of ₹18,165 crore in Q2FY26, up 9.7 per cent year-on-year (Y-o-Y) but down 32.7 per cent quarter-on-quarter (Q-o-Q) from ₹26,994 crore in Q1FY26.

Zaggle Prepaid set to shine: JM Financial eyes 44% upside growth; details

On the bourses around 10:20 AM, Zaggle share price was trading 1.84 per cent lower at ₹345.90 per share. In comparison, BSE Sensex was trading 0.26 per cent lower at 82,112.30 levels.

Just Dial rings in a tepid September quarter; analysts keep a wary eye

On the bourses, Just Dial shares plunged up to 4.51 per cent to hit an intraday low of ₹820.85 per share on Q2 results.