CreditAccess Grameen, Amber Enterprises India, and Restaurant Brands Asia emerged as the top gainers among BSE 500 stocks, with significant percentage increases. Fundamental news played a crucial role in driving the upside for three of these stocks, while the remaining two saw no major news flow dur…

3 stocks that outperformed in the week ending May 19

JM Financial is bullish on CreditAccess Grameen has recommended buy rating on the stock with a target price of Rs 1420 in its research report dated May 18, 2023.

Buy CreditAccess Grameen; target of Rs 1420: JM Financial

KR Choksey is bullish on CreditAccess Grameen has recommended buy rating on the stock with a target price of Rs 1365 in its research report dated May 18, 2023.

Buy CreditAccess Grameen; target of Rs 1365: KR Choksey

HDFC Securities is bullish on CreditAccess Grameen has recommended buy rating on the stock with a target price of Rs 1280 in its research report dated May 16, 2023.

Buy CreditAccess Grameen; target of Rs 1280: HDFC Securities

Results Review for Indian Oil Corporation, CreditAccess Grameen, Century Plyboards

The company reported its highest ever quarterly net profit, up 86.4% year-on-year to Rs 296.60 crore.

CreditAccess Grameen Shares Gain After Reporting Its Highest Q4, FY23 Profit

For FY24, the management has said that the company is sanguine to achieve a growth of 24%-25% in the gross loan portfolio, NIMs of 12%-12.2% with a steady state credit cost of 1.6%-1.8%

CreditAccess Grameen surges 9%, hits new high on strong Q4 earnings

The total income increased by 29.3 percent year-on-year from Rs 824.5 crore to Rs 1,066.2 crore and pre-provision operating profit (PPOP) increased by 36.3 percent year-on-year from Rs 368.8 crore to Rs 502.9 crore. The impairment of financial instruments declined by 30.3 percent year-on-year from R…

CreditAccess Grameen climbs 7% on the back of 86% jump in Q4 net profit

CreditAccess Grameen has posted a 86 per cent, year-on-year, growth in its fourth quarter net profit at ₹296.6 crore. The Bengaluru-based microfinance NBFC posted a net profit of ₹159.1 crore for the corresponding quarter of the previous fiscal.

CreditAccess Grameen Q4 net profit jumps 86% to ₹297 crore

Chennai-based NBFC, Northern Arc Capital today announced that it has structured and arranged $20 million in external commercial borrowings (ECB) for microfinance institution, CreditAccess Grameen Ltd

Northern Arc Capital facilitates $20 million ECB loan for CreditAccess Grameen

The 30-share BSE Sensex climbed 119 points or 0.20 per cent to 59,952, while the broader NSE Nifty moved 47 points or 0.27 per cent higher to trade at 17,647. Mid- and small-cap shares were up as Nifty Midcap 100 edged 0.10 per cent higher and small-cap gained 0.21 per cent.

Sensex rises over 100 points, Nifty trades near 17,650; Tata Motors, CreditAccess Grameen, Adani Green jump up to 8%

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

CreditAccess Grameen is a non-banking financial company engaged in microfinance sector. Its services are focused towards the rural poor and low income households particularly women