Buy Equitas Holdings; target of Rs 215: Axis Direct

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.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Recommendations

Dec 01, 2016, 12.39 PM | Source: Moneycontrol.com

Buy Equitas Holdings; target of Rs 215: Axis Direct

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.

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

Buy Equitas Holdings; target of Rs 215: Axis Direct

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.

Post Your Comments

Share Cancel

| 2 Comments

(more)

, Axis Securities Limited |


Axis Direct's research report on Equitas Holdings

We interacted with the senior management of Equitas to assess the impact of demonetization on its business. Equitas transitioned into a small finance bank in Q2FY17, and as a bank could accept deposits in the form of demonetized 500/1000 rupee notes. This drove 100% collection efficiency across key segments. 100% of MFI, 60% of UCV and negligible MSE collections are in cash.

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.

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 Equitas Holdings; target of Rs 215: Axis Direct

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