Top Stocks Today : IIFL Securities has Buy call on Equitas Small Fin Bnk - June 19

IIFL Securities issued a buy recommendation for Equitas Small Finance Bank on June 19. At the current market price of Rs 103.35 per share, the target price has been set at Rs 109. This suggests that the brokerage firm anticipates a positive outlook for the stock in the near term. Equitas Small Finance Bank is a leading microfinance lender in India, providing a range of financial services to underserved and unbanked individuals and small businesses.

About Equitas Small Fin Bnk:

Equitas Small Finance Bank Limited (ESFBL), formerly known as Equitas Holdings Limited, is a small finance bank headquartered in Chennai, India. It was founded in 2007 as a microfinance institution and received a banking license from the Reserve Bank of India in 2016. ESFBL offers a range of banking products and services, including savings accounts, current accounts, fixed deposits, loans, and digital banking. As of March 2023, the bank had a network of over 1,000 branches and 30,000 banking outlets across India. ESFBL is listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).

52 Week Price Trend:

Equitas Small Fin Bnk (NSE: EQUITASBNK) is currently trading at Rs 103.35, which is significantly below its 52-week high of Rs 116.5 but well above its 52-week low of Rs 61.25. This indicates that the stock has been volatile in the past year. However, the bank's financials have been strong, with consistent growth in its loan book and deposits. The bank has also been expanding its branch network and digital offerings, which is expected to drive future growth. Overall, Equitas Small Fin Bnk appears to be a promising investment opportunity, given its strong fundamentals and growth potential.

Stratzy's MOST Analysis:

Based on Stratzy's MOST Framework, EQUITASBNK has received a BBB rating. This indicates that the company has a relatively manageable level of fundamental risks. The MOST Framework assesses companies based on their Management, Outlook, Safety, and Trend. EQUITASBNK's BBB rating suggests that it has a sound management team, a favorable outlook, adequate safety measures, and a positive trend. This rating implies that investors should expect moderate risk when investing in EQUITASBNK.

Company's Fundamentals:

Equitas Small Fin Bnk (NSE:EQUITASBNK) is a stock that has a price-to-earnings (PE) ratio of 14.75, indicating that its share price is 14.75 times its earnings per share. Its price-to-book (PB) ratio is 2.19, which means that its market capitalization is 2.19 times its book value. The company's dividend yield, or the annual dividend divided by the current stock price, is 0.98%, implying that investors can earn a yield of 0.98% by purchasing the stock. These metrics provide valuable insights into the company's financial performance and valuation, making it easier for investors to make informed decisions.

Fundamental and Technical information provided in this blog were last updated on 19 Jun, 2024

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