21 Oct 2026 | 3 Mins Read
ICICI Securities recommends buying Piramal Finance with a target of Rs 2800
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Piramal Finance reported strong Q2FY27 results with PAT up 18% QoQ/67% YoY at INR 5.45bn, driven by 30% YoY retail AUM growth and NPA recovery. AUM rose 6% QoQ/24% YoY, supporting its 25% FY27 growth guidance. ICICI Securities maintains a BUY rating with a target price of INR 2,800, valuing at 1.8x FY28E P/BV.