Geojit BNP Paribas
Strong demand for housing loans, good loan, pipeline for construction financing and LRDs, wide distribution network and new project launches augur well for the company's performance in future. Hence, we maintain our BUY rating on the stock with rolled forward target price of Rs. 2,935 using SOTP Valuation. Steady topline growth led by higher individual loan disbursements In Q3FY22, interest income grew 2.9% YoY to Rs. 11,157cr, driven by higher individual loan disbursements. Interest expenses remained flat YoY at Rs. 6,873cr. Spread on loans...
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