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    HomeNewsBusinessStocksBuy Spandana Sphoorty; target of Rs 1361: Anand Rathi

    Buy Spandana Sphoorty; target of Rs 1361: Anand Rathi

    Anand Rathi is bullish on Spandana Sphoorty has recommended buy rating on the stock with a target price of Rs 1361 in its research report dated April 29, 2024.

    Broker Research
    April 30, 2024 / 14:58 IST
    Buy
       
       
      26 Aug, 2025 12:21
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      Anand Rathi's research report on Spandana Sphoorty

      Spandana Sphoorty had a strong Q4, improving across all parameters. Key positives: 1) better asset quality (GNPA down 11bps q/q), 2) higher NIM (up 130bps q/q), 3) 41% y/y AUM growth and 4) strong profitability (~5% RoA). We are bullish on the MFI category and expect the medium-term business momentum to be strong.

      Outlook

      We maintain a Buy, at a higher 12-month TP of Rs1,361, 1.9x P/ABV on its FY26e book.

      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.

      Spandana Sphoorty - 30042024 - anand

      Broker Research
      first published: Apr 30, 2024 02:58 pm

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