|
17 Jul 2025 |
CreditAccess Grameen
|
Consensus Share Price Target
|
1297.20 |
1236.56 |
- |
-4.67 |
buy
|
|
|
|
|
20 Mar 2024
|
CreditAccess Grameen
|
ICICI Direct
|
1297.20
|
1700.00
|
1383.15
(-6.21%)
|
|
Buy
|
|
|
|
|
11 Mar 2024
|
CreditAccess Grameen
|
Geojit BNP Paribas
|
1297.20
|
1560.00
|
1322.20
(-1.89%)
|
|
Buy
|
|
|
|
|
20 Jan 2024
|
CreditAccess Grameen
|
Edelweiss
|
1297.20
|
1910.00
|
1667.25
(-22.20%)
|
|
Buy
|
|
|
Strong franchise aligned to its revised upwards guidance
|
|
20 Jan 2024
|
CreditAccess Grameen
|
Axis Direct
|
1297.20
|
1970.00
|
1667.25
(-22.20%)
|
|
Buy
|
|
|
Recommendation: We maintain our BUY recommendation on the stock.
|
|
23 Oct 2023
|
CreditAccess Grameen
|
Axis Direct
|
1297.20
|
1670.00
|
1507.40
(-13.94%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
22 Oct 2023
|
CreditAccess Grameen
|
Motilal Oswal
|
1297.20
|
1670.00
|
1389.85
(-6.67%)
|
Target met |
Buy
|
|
|
|
|
21 Oct 2023
|
CreditAccess Grameen
|
ICICI Securities Limited
|
1297.20
|
1600.00
|
1389.85
(-6.67%)
|
Target met |
Buy
|
|
|
CA Grameen continued to deliver strong operating performance in Q2FY24 as reflected in RoA sustaining at >5% and RoE at 25% for three consecutive quarters. Profitability was largely driven by steady AUM growth, efficient liability management (CoF increased by only 30bps since Sep’21) and controlled asset quality.
|
|
16 Aug 2023
|
CreditAccess Grameen
|
Geojit BNP Paribas
|
1297.20
|
1615.00
|
1398.10
(-7.22%)
|
Target met |
Accumulate
|
|
|
|
|
24 Jul 2023
|
CreditAccess Grameen
|
ICICI Securities Limited
|
1297.20
|
1550.00
|
1313.50
(-1.24%)
|
Target met |
Buy
|
|
|
In a seasonally weak quarter, CA Grameen reported strong earnings beat – PAT was up 17% QoQ at INR 3.4bn (I-Sec: INR 3bn), supported by strong topline growth of 9% QoQ and credit cost moderating to normalised level of 40bps (non-annualised). The beat poses an upside risk to FY24 guidance, especially on NIM (guidance at 12-12.2% vs 13% in Q1FY24) and cost-to-income ratio (guidance at 35-36% vs 31% in Q1FY24).
|
|
24 Jul 2023
|
CreditAccess Grameen
|
Axis Direct
|
1297.20
|
1600.00
|
1373.00
(-5.52%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|