CreditAccess Grameen

Analysts believe the company is well positioned to capture huge untapped opportunity in MFI space via deeper penetration in new, existing geographies and increase in customer base.

Additionally, its public issue of non-convertible debentures (NCDs) worth up to 5 billion Indian rupees ($61.4 million) will launch on Nov. 14

Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.

Its profit after tax stood at Rs 56.3 crore in the same quarter of the preceding fiscal year

CreditAccess Grameen Ltd: The collection efficiency including that from arrears was 96% in March 2022.

The stock hit a 52-week high of Rs 878 after it rallied 15 per cent on the BSE in Friday's intra-day trade

Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5k crore through debt securities and an additional $7.4 million by issuing masala bonds.

Leading microlender CreditAccess Grameen reported a net income of Rs 117 crore for the three months to December, as against a net loss of Rs 79.1 crore a year ago.

The consolidated numbers for CreditAccess Grameen Ltd (CA Grameen) also include the performance of its subsidiary MMFL.

The comapnies total income increased 7.2 per cent to Rs 618.6 crore

Collection efficiency rises to 99% in August

CLSA initiated coverage on CreditAccess Grameen with a 'BUY' recommendation and a target price of Rs 840

The company said it is well capitalised, with standalone capital to risk weighted assets ratio of 23.7%

The daily, as well as weekly momentum indicator MACD for Nifty, is well in the buy mode

The acquisition strengthens our microfinance franchise which can be leveraged to provide innovative financial services, says CAGL chairman

Although a confirm breakout is yet to take shape, still the Delta Corp counter is exhibiting upside on the charts as volumes spike

For the April-June 2019 quarter (Q1FY20), CreditAccess Grameen posted 33 per cent year on year (YoY) growth in net profit at Rs 96 crore, backed by lower provisioning

With this transaction, the company has completed one securitization and one direct assignment transaction totaling to Rs 249 crore in FY-2019-20.

The stock settled at Rs 420.80, 0.28% below its issue price of Rs 422 per share on the BSE.

Shares were allotted at the top-end of the IPO price band of Rs 422 per share