Axis Direct is bullish on Equitas Holdings has recommended buy rating on the stock with a target price of Rs 215 in its research report dated November 29, 2016.
Axis Direct's research report on Equitas Holdings
Equitas may not face any strain on asset quality due to proactive collection efforts, but there are still a couple of minor negatives: (1) cash disbursements in MFI segment have almost stopped;(2) having only 5liability branches operational meant Equitas missed out on an opportunity to garner large, low-cost deposits. Growth will remain a challenge since most of low-ticket size disbursements in the MFI segment (50% of AUM) are in cash and will be impacted by currency crunch.
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