2025-04-04 02:57:59 pm | Source: Motilal Oswal Financial Services Ltd
Neutral Max Financial Ltd For Target Rs. 1200 by Motilal Oswal Financial Services Ltd
* Strongest APE growth expected among our coverage names, led by agency channel.
* ULIP share likely to be stable QoQ but higher YoY.
* VNB margins to see benefits of scale as the company does proportionate cost allocation.
* Outlook on reverse merger with Max Fin will be keenly watched.
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