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Jana Small Finance Bank - Gravitating Towards Secured And Diversified; ICICI Securities Initiates Coverage

The brokerage initiates with an Add rating and sets target price of Rs 630 based on ~1.35 times FY26E adjusted book value.

<div class="paragraphs"><p>Close view of a person counting Indian currency 500 rupee notes  (Photo: Radhakisan Raswe/ Source: NDTV Profit).</p></div>
Close view of a person counting Indian currency 500 rupee notes (Photo: Radhakisan Raswe/ Source: NDTV Profit).
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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