Tata Tech from the midcap index and Equitas SFB, Kolte Patil Developers, Landmark Cars, Nilkmal, Spandana Sphoorty and Tasty Bite from the smallcap index hit their respective 52-week lows

Mid, SmallCap indices dip 4% each; LIC Housing, IRFC, CG Power tank over 5%

BPCL, Ultratech Cement, IEX, Bandhan Bank Gain While Cipla, CSB Bank, Equitas SFB Under Pressure

Equitas Small Finance Bank Ltd, Laxmi Organic Industries Ltd, Latent View Analytics Ltd and Ashoka Buildcon Ltd are among the other losers in the BSE’s ‘A’ group today, 29 July 2024.

Spandana Sphoorty Financial Ltd leads losers in ‘A’ group

Equitas SFB: Muted Show In Q1 Earnings, Mgmt Talks About Loan Book Guidance & Growth Plan Ahead

The brokerage expects margin pressures, sticky opex ratios and elevated credit costs to keep RoA significantly lower than the 2% seen over FY23-24.

Equitas SFB Q1 Results Review - Asset Quality Headwinds To Hinder Growth, Downgrade To Hold: Axis Securities

Looking To Improve Personal Loan & Credit Portfolio Over The Year: Equitas SFB | CNBC TV18

Private sector Equitas Small Finance Bank has reported a dip in its net profits for the April-June 30, 2024 at Rs 25.75 crore.

Equitas Small Finance Bank Q1 result: Net profit dips to Rs 25.75 cr

Equitas Small Finance Bank on Friday reported a 87% year-on-year drop in net profit at Rs 26 crore, on account of a five-fold rise in provisions and contingencies.

Equitas Small Finance Bank Q1 Results: PAT slumps 87% to Rs 26 crore on jump in provisions, contingencies

Total Operating Income rise 19.70% to Rs 1500.95 crore

Equitas Small Finance Bank standalone net profit declines 86.53% in the June 2024 quarter

Board of Equitas Small Finance Bank approves capital raising up to Rs 1,000 cr

Companies like Aarti Drugs, Amber Enterprises, Bandhan Bank, Cholamandalam Investment, City Union Bank, ESAF SFB, Equitas SFB, Mangalam Organics, Piramal Pharma, TTK Prestige among others will also declare their results.

Q1 results today: IndiGo, IndusInd among 69 companies to announce earnings on Friday

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

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

Equitas Small Finance Bank Limited’s lines of business include Micro and Small Enterprise and Corporate Banking, Emerging Enterprise Banking, Inclusive Banking, Consumer Banking and Outreach Banking.