ICICI Securities has upgraded Fusion Finance. The brokerage firm revised the target price to Rs 225. Earlier it was Rs 160. The firm anticipates earnings recovery over FY26-27. This is due to early stress recognition and accelerated provisions. Capital infusion via rights and normalisation of disbursements will also help. The brokerage values the stock at 1.2x Sep?26E BVPS.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets