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    HomeNewsBusinessStocksBuy Equitas; target of Rs 210: HDFC Securities

    Buy Equitas; target of Rs 210: HDFC Securities

    HDFC Securities is bullish on Equitas has recommended buy rating on the stock with a target price of Rs 210 in its research report dated February 21, 2017.

    February 22, 2017 / 18:05 IST

    HDFC Securities' research report onEquitas

    Equitas Holdings, headquartered in Tamil Nadu, is a lender to underserved segments in urban, semi-urban and rural India. With an AUM of Rs 72bn, it provides Microfinance, Used CV Vehicles, MSE and Housing Finance loans.

    Outlook

    However, the SFB conversion would make Equitas’ growth sustainable (and arguably superior to vanilla micro-finance) with cost and franchise benefits. Initiate coverage with a BUY and TP of Rs 210 (3x Dec-18 P/ABV).

    For all recommendations, click hereDisclaimer: 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.

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    first published: Feb 22, 2017 06:05 pm

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