1 month ago
The stock price will be driven by the twin engines of earnings and possible valuation rerating
March 18, 2024 / 12:58 PM IST
equitas
PRO Only Highlights
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Quarterly performance largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre industry
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Valuations not inexpensive; but improved medium-term outlook
Highlights
Growth momentum continuesDiversified and de-risked bookCredit-to-deposit ratio moderating with deposits picking upMargin weakens, but medium-term upside seenAsset quality weakens, guidance positiveHeadroom for RoA expansion and stock upsideEquitas Small Finance Bank (CMP: Rs 94, Market Cap: Rs 10,701 crore) has underperformed the broad Nifty index in the past six months with a return of 7 percent, against an 11 percent by Nifty, despite resilient growth and positive outlook on margin. Is the current consolidation therefore an opportunity?
Growth
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