CREDITACCESS GRAMEEN LTD Q3 RESULTS
Stocks to buy: Bet on stocks that regularly beat analyst estimates; 5 stocks with double-digit upside Stocks to buy: Out of 304 companies, where estimates are compiled by a minimum of three analysts through Reuters-Refinitiv, 50 stocks have consistently surpassed analysts’ net profit estimates in all four quarters of 2023-24. This group of 50 stocks...
24 Jun, 2024, 06.30 AM ISTThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets ...
06 Jun, 2024, 12.20 PM ISTBeat stock market volatility with Sharpe ratio: 8 stocks with up to 37% upside potential Stocks that have delivered good risk-adjusted returns can effectively manage the rising market uncertainty.
20 May, 2024, 06.30 AM IST
These midcap stocks with ‘Strong buy’ & ‘Buy’ recos can rally over 25%, according to analysts The Q4 earning season is clearly showing its impact on parts of the market. Given the fact that the valuations are high, if there is a slight miss by the company on its expected numbers, the street is being uncharitable in its reaction. On the face ...
09 May, 2024, 01.59 PM ISTCreditAccess Grameen Q4 Results: Net profit soars 34% YoY to Rs 397 crore on business expansion The lender’s pre-provision operating profit was 36% higher at Rs 683 crore, helped by 34% rise in net interest income at Rs 922 crore. Total income rose 37% year-on-year at Rs 1,459 crore.
07 May, 2024, 08.32 PM ISTQ4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be re...
05 May, 2024, 10.39 AM ISTCreditAccess’ wider reach, cost controls to drive growth CreditAccess Grameen's stock has underperformed due to asset quality pressure, floods, muted customer additions, and disbursements. However, analysts expect strong performance. Gross loan portfolio increased by 31.5%. Cost-income ratio fell to 29.5%...
05 Mar, 2024, 06.13 AM ISTCreditAccess Grameen Q3 Results: Net profit soars 64% YoY to Rs 353 crore Net profit was Rs 216 crore in the year-ago period. Its net interest income rose 42% at Rs 802 crore while total income increased by 42.4% at Rs 1,295 crore. Pre-provision operating profit increased by 59% at 602 crore in the quarter under review ag...
19 Jan, 2024, 11.46 PM ISTQ3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others Various companies including Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report c...
14 Jan, 2024, 10.07 AM ISTAre the lenders to Bharat set for a comeback? 4 micro finance stocks with upside potential of up to 40% It is a global phenomenon, when any new sector emerges, it gets extremely high valuation, then too much money flows into it. Then soon comes a phase of realization that it has become too hot to handle and then correction takes place which might take...
03 Jan, 2024, 01.08 PM ISTCreditAccess gets it right with more borrowers, stable assets The company has presence in 364 districts across 16 states and one union territory. Of the total 1,877 branches, nearly two-third are located in Tamil Nadu, Karnataka, Maharashtra, and Madhya Pradesh. However, the company’s presence in other regions...
26 Dec, 2023, 07.41 AM ISTAs an auto stock gets ready to race up 3%, bank on this NBFC for 7% gain The Nifty opened the week on a weak note. The weakness intensified in the last hour of the session to close with a net loss.
25 Oct, 2023, 10.24 AM ISTBreakout Stocks: How to trade BSE, IPCA Labs, and CreditAccess Grameen on Wednesday Stocks that hit fresh 52-week or record highs, included names like CreditAccess Grameen, which was up over 7%, IPCA Laboratories, which closed with gains of more than 6%, and BSE Ltd, which also rose more than 6% to hit a fresh all-time high on Mond...
24 Oct, 2023, 02.23 PM ISTCreditAccess Grameen shares zoom over 12% on strong Q2 results. Should you buy, sell or hold? The lender's total income rose by 53% at Rs 1,248 crore, while net interest income rose by nearly 50% at Rs 772 crore. Pre-provision operating profit increased by 68% at 563 crore. The NBFC-MFIs gross loan portfolio grew 36% year-on-year (YoY) to Rs...
23 Oct, 2023, 12.20 PM ISTCreditAccess Grameen Q2 Results: Net profit surges 98% YoY to Rs 347 crore “We continue to witness robust business growth led by healthy new customer additions as we onboarded 3.36 lakh new customers in the second quarter," managing director Udaya Kumar Hebbar said. The NBFC-MFI's gross loan portfolio grew 36% year-on-year...
20 Oct, 2023, 06.07 PM ISTFor bearish bias in volatile market: 5 largecap stocks from different sectors with upside potential of up to 35% Even markets are volatile, there is an underlying bias to volatility, it could be bullish or bearish. This bias is reflected in two things, first the market breadth which is essentially how many stocks are moving upward or downward. On a large numbe...
19 Oct, 2023, 01.37 PM ISTCreditAccess Grameen Q1 Results: PAT rises 2.5 fold YoY at Rs 349 crore Net interest margin for the quarter improved to 13% from 11.1% in the year ago period. Net interest income rose by 65.4% year-on-year at Rs 763 crore.
21 Jul, 2023, 09.29 PM ISTQ1 results this week: HDFC Bank, ICICI Bank, HUL, Kotak Bank, Infosys, LTIMindtree and others Private banking giants HDFC Bank, Kotak Mahindra Bank, YES Bank, and ICICI Bank are scheduled to release their earnings for the first quarter. Other companies such as Infosys, HUL, Ultratech Cement and JSW Steel will also announce their quarterly ea...
16 Jul, 2023, 01.53 PM ISTCreditAccess’ growth plans to keep Street hooked onto stock The lender reported a sustained momentum in borrower additions. In the fourth quarter of FY23, it added nearly 5.5 lakh customers compared with over three lakh in the third quarter and 92,642 crore in the first quarter.
24 May, 2023, 06.22 AM ISTCreditAccess Grameen Q3 net profit surges 85% YoY to Rs 217 cr in highest-ever quarterly profit Its net interest income rose by 38% at Rs 567 crore. Total income grew by 32% at Rs 910 crore. Impairment of financial instruments dipped by 24% at Rs 89.4 crore. Pre-provision operating profit increased by 38.7% year-on-year at Rs 380 crore
07 Feb, 2023, 10.07 PM IST