Kamath will be pursuing other career opportunities, his resignation letter stated.

CreditAccess Grameen CFO Resigns

Despite the sector staring at near-term headwinds because of the buildup of customer leverage, the brokerage expects CreditAccess to exhibit much higher resilience compared to its peers.

CreditAccess Grameen Q1 Results Review - Muted Loan Growth; Asset Quality Deteriorates Further: Motilal Oswal

The company’s CEO Ganesh Narayanan expressed confidence of achieving guidance for FY25.

CreditAccess Grameen Q1 Results: Net Profit Rises 15% To Rs 398 crore

The lender’s total income for the quarter was 29% higher year-on-year at Rs 1,513 crore on a gross loan portfolio of Rs 26,304 crore, which expanded nearly 21% year-on-year

CreditAccess Grameen net profit rises 15% YoY to Rs 398 crore

Earnings

CreditAccess Grameen consolidated net profit rises 14.12% in the June 2024 quarter

Upcoming results : Reliance Industries, Wipro, Aether Industries, Atul, Blue Dart Express, Bharat Petroleum Corporation, Creditaccess Grameen, Oberoi Realty, Jubilant Pharmova, Patanjali Foods, One97 Communication, PVR Inox, Route Mobile, Supreme Petrochem, Tejas Networks, Transformers and Rectifiers, UltraTech Cement, Union Bank of India,

Stock Alert: Infosys, Tata Technologies, Persistent Systems, L&T Technology, South Indian Bank,

We like CreditAccess Grameen and Poonawalla Fincorp for their brand equity and strong market positioning

Financial Services Q1 Preview - Healthy AUM Growth Across All Companies; NIMs To See Mix Trends: DRChoksey

Here are all the top calls from analysts that you need to know about on Wednesday.

Brokerage Views: Morgan Stanley, Citi On Maruti Suzuki, Goldman On CreditAccess Grameen And More

Credit costs likely to witness further uptick

CreditAccess Grameen - Value Emerging; Upgrade To Buy: HDFC Securities

Motilal Oswal is bullish on CreditAccess Grameen recommended buy rating on the stock with a target price of Rs 1760 in its research report dated March 27, 2024.

Buy CreditAccess Grameen; target of Rs 1760: Motilal Oswal

Still gold standard despite expected normalisation in return on asset

CreditAccess Grameen - Best Placed Among Peers; Dominance To Sustain: Motilal Oswal

Hasn't fared 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 underpriced and is not in the overbought zone

Current price is less 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