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Buy Capital First; target of Rs 927: Edelweiss

Edelweiss is bullish on Capital First has recommended buy rating on the stock with a target price of Rs 927 in its research report dated August 2, 2017

August 04, 2017 / 17:23 IST
     
     
    26 Aug, 2025 12:21
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    Edelweiss' research report on Capital First

    Capital First (CAFL) clocked decent Q1FY18 performance—PAT at INR603mn jumped ~33% YoY driven by sustained momentum on the revenue front (up >45% YoY). This was on account of: margin expansion, given benefit of capital raising & shift in loan mix; and robust AUM spurt (up >24% YoY) due to sustained traction in the retail book (up >30% YoY).

    Outlook

    we expect the stock to re-rate further on consistent earnings delivery. We maintain ‘BUY/SO’ with target price of INR927.

    For all recommendations report, 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.

    first published: Aug 4, 2017 05:23 pm

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