ICICI Securities has initiated an ‘Add’ rating on Jana Small Finance Bank (SFB) with a target price of ₹630, indicating a 13% upside from the current market price of ₹557. The brokerage believes that Jana SFB is in the midst of a significant transformation, gravitating towards a more secured and diversified portfolio.
Jana SFB is maturing along with its customer base, and the traction in retail assets is expected to continue. ICICI Securities noted that the bank’s Return on Assets (RoA) and Return on Equity (RoE) are projected to settle around 1.9% and 18%, respectively, for FY25-26, reflecting its growing operational strength and profitability.
The outlook for Jana SFB remains positive as the bank continues to evolve, positioning itself for sustained growth in the future.
Disclaimer: The information provided is for informational purposes only and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
