Buy Capital First; target of Rs 635: Geojit BNP Paribas

Geojit BNP Paribas is bullish on Capital First has recommended buy rating on the stock with a target price of Rs 635 in its research report dated November 25, 2016.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Recommendations

Dec 01, 2016, 01.07 PM | Source: Moneycontrol.com

Buy Capital First; target of Rs 635: Geojit BNP Paribas

Geojit BNP Paribas is bullish on Capital First has recommended buy rating on the stock with a target price of Rs 635 in its research report dated November 25, 2016.

Like this story, share it with millions of investors on M3

Buy Capital First; target of Rs 635: Geojit BNP Paribas

Geojit BNP Paribas is bullish on Capital First has recommended buy rating on the stock with a target price of Rs 635 in its research report dated November 25, 2016.

Post Your Comments

Share Cancel

(more)

, Geojit BNP Paribas |

Geojit BNP Paribas's research report on Capital First

Consumer & SME financing will sustain strong demand and continue to drive loan growth. Loan book grew at robust 32% YoY in H1FY17, aided by consumer durable and SME financing. Factoring a nominal impact from the unexpected de-monetisation drive on SME in the medium term, we moderate our FY17E loan book estimate by -13%. We still continue to factor healthy 30% CAGR in loan book over FY16-18E.

FY17E & FY18E book value estimates have increased by 13% & 8% factoring the proposed Rs 340 cr preferential equity issue at Rs 702/share. CAPF is currently trading at one year forward Adj. P/B of 2.1x, 6% discount to last one year average. Factoring headwinds from de-monetisation on earnings, we reduce our valuation to 2.5x FY18E adjusted book value with a revised target price of Rs 635, while upgrade to Buy.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Buy Capital First; target of Rs 635: Geojit BNP Paribas

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login