Positive impactCompany
JM Financial initiates coverage on OnEMI Technology with Buy call, sees 28% upside
Economic Times 1 hr ago·4 Sept 2026, 7:18 am
JM Financial has initiated coverage on OnEMI Technology Solutions with a Buy rating, setting a target price of Rs 385. This implies an upside of approximately 28% from the stock's reference price of Rs 301. The brokerage values the company at 2 times its estimated book value for fiscal year 2028.
The brokerage's bullish view is primarily based on OnEMI's digital lending platform, Kissht, and its focus on the mass-market borrower segment. This strategy positions the company well to capture growth in the digital lending space.
Investors should monitor the company's quarterly performance, specifically its asset quality and the pace of new customer acquisition. Keeping an eye on the broader digital lending market trends will also be crucial for assessing the stock's future trajectory.
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns JM Financial (JMFINANCIL).
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update for JM Financial. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
