1739.5000 -9.40 (-0.54%)
NSE Jul 28, 2025 15:31 PM
Volume: 47,063
 

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CARE Ratings Ltd.
05 Nov 2018
1739.50
-0.54%
Centrum Broking
We retain BUY on CARE with revised TP at Rs1,550 (vs. Rs1,600 earlier). Q2'19 revenue / PAT were below estimates. This is even as volume of debt rated grew 32.6% YoY and points to pricing pressure. The growth in high-yielding non-BLR segment remains muted (down 3% YoY for H1'19); we foresee trends to continue in H2'19 and have thus trimmed our overall volume growth assumptions for FY19E. In the backdrop of concerns around rating downgrade / delay in rating changes, CARE has strengthened its rating standards further. We will watch for outcome therein. We like CARE for its business model, return ratios and free cash...
CARE Ratings Ltd. has gained 70.84% in the last 1 Year
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