Turtlemint Fintech

** India's Turtlemint Fintech Solutions TURE.NS rises 4.9% to 134 rupees

** Motilal Oswal initiates coverage with a "buy" rating and a price target of 180 rupees

** Brokerage says the insurtech firm is well placed to benefit from an under-penetrated market through its network of 550,000-plus certified insurance distributors

** Jefferies is the only other brokerage covering TURE, with a "buy" rating and a 190-rupee PT

** Motilal expects TRUE premiums to grow at a 38% CAGR over FY26-29 on rising distributor count and ticket sizes

** Says operating leverage nearing an inflection, forecasting EBITDA breakeven by FY27 and margin expansion to about 11% by FY29

** Stock down 1.1% since trading debut on June 29

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of India's Turtlemint Fintech Solutions TURE.NS rise 2.98% to 142.91 rupees

** Jefferies initiates coverage with "buy" and TP of 190 rupees - a 30.5% upside to the current price - citing co's exposure to India's underpenetrated insurance market and the fast-growing point-of-sales-person (POSP) distribution channel

** Brokerage expects revenue to grow at 38% CAGR over FY26-FY29, driven by 31% premium growth

** Says Turtlemint, India's third-largest POSP player with a 20% market share, benefits from a granular distributor network and strong presence in smaller cities

** Sees co's adjusted EBITDA margin improving to 10% by FY29 from loss in FY26

** Stock up 6% from debut IPO price on June 29

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of India's Turtlemint Fintech TURE.NS rise as much as 14.7% to hit record high of 157.68 rupees; stock last up 9.5%

** Fintech co reports narrower June-quarter consolidated loss of 377.8 million rupees, from 466.9 million rupees a year earlier

** Consolidated revenue from operations rises 40% Y/Y through June

** More than 6.5 million shares change hands, about 5.6x the 30-day average volume - LSEG compiled data

** Stock up 16.5% since listing on June 29, 2026

(Reporting by Payel Das in Bengaluru)

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Aug 14 (Reuters) - Turtlemint Fintech Solutions Ltd TURE.NS:

• JUNE-QUARTER CONSOL LOSS 377.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.94 BILLION RUPEES

Source text:

Further company coverage: TURE.NS

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** Turtlemint Fintech Solutions TURE.NS jumps 13.4% to 154.3 rupees

** Stock tops IPO price of 152 rupees for the first time; listed on June 29

** Fintech co turns profitable on adjusted operating profit basis for the first time in March quarter

** Reports 31 million rupees net profit for January-March quarter vs 394-million-rupee loss in a year-ago period

** Revenue up 42% year-on-year in Q4 of fiscal year 2026

** More than 8 million shares change hands, ~8.5x of last 5-day average trading volume

(Reporting by Vivek Kumar M)

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