Citi has initiated a “Buy” rating on Prudent Corporate Advisory Services, setting a target price of ₹3,050, indicating a positive outlook on the company’s future prospects. The current market price (CMP) stands at ₹2,639.10.
Prudent Corporate is seen as a dominant and stable player in the Indian mutual fund segment. Citi’s constructive stance is based on the company’s ability to cross-sell non-mutual fund products to its high-quality clientele. The report highlights Prudent’s strong positioning in capital markets, naming it one of Citi’s preferred plays alongside 360 One and Nuvama.
The brokerage firm also views Prudent Corporate as a key beneficiary of its annuity model, strong market positioning, and high customer stickiness. Citi believes these factors, combined with Prudent’s ability to navigate asset cycles better than many peers, will contribute to sustained growth.
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