However, sources say that Creation Investments, another stakeholder in Fusion, is hesitant to fully back the initiative.
Motilal Oswal recommended Neutral rating on Fusion Microfinance with a target price of Rs 175 in its research report dated February 14, 2025.
The Department of Financial Services is reportedly conducting a series of consultative meetings from January 7 to 16 with the Fintech and MFI sectors to address industry challenges and gather their feedback.
Motilal Oswal recommended Neutral rating on Fusion Microfinance with a target price of Rs 165 in its research report dated November 17, 2024.
The estimated credit loss provisioning, the lender said, may undergo revisions upon finalisation of the Q2FY25 results, pursuant to the limited review by statutory auditors.
Fusion Finance posted a net loss of Rs 36 crore for Q1, as compared to a profit of Rs 120 crore in the same quarter last year.
Emkay is bullish on Fusion MicroFinance has recommended buy rating on the stock with a target price of Rs 700 in its research report dated May 07, 2024.
Motilal Oswal is bullish on Fusion Microfinance has recommended buy rating on the stock with a target price of Rs 605 in its research report dated May 07, 2024.
Motilal Oswal is bullish on Fusion Microfinance recommended buy rating on the stock with a target price of Rs 720 in its research report dated November 07, 2023.
Motilal Oswal is bullish on Fusion Microfinance recommended buy rating on the stock with a target price of Rs 740 in its research report dated August 04, 2023.