Moneycontrol
Last Updated : Jan 01, 2018 03:38 PM IST | Source: CNBC-TV18

Hold Equitas Holdings, says Rajesh Agarwal

Rajesh Agarwal of Aum Capital is of the view that one may hold Equitas Holdings.

CNBC TV18 @moneycontrolcom

Rajesh Agarwal of Aum Capital told CNBC-TV18, "One can hold Equitas Holdings because if you look at the numbers, the Q2 numbers were weak, both MFI and non MFI business were bad. The positive thing was for the first time they crossed Rs 3,000 crore in terms of deposit and 38 percent was from current account saving account."

"They are trying to transfer this into a small bank and that would be a big game changer I would say. The focus on non MFI business is also a very positive thing. Best part is the valuation, which is trading at a less than two times price to a book FY19. So, one can continue holding to the stock. As far as targets are concerned I think Rs 180-175 would be a good level to book profits at this point of time," he added.
First Published on Jan 1, 2018 03:36 pm
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