CREDITACCESS GRAMEEN LTD Q4 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 has delivered an average return of 72.4% over the past year, compared to the BSE 500 index’s 38% return over the same period. This data is based on closing values as of 18 June. The article explores the five companies that have been covered by a significant number of analysts and currently offer double-digit share price potential.
Screaming value? 34 stocks with consistent earnings growth still trading below 5-year PE
34 stocks with consistent earnings growth, including Trent, are trading below 5-year PE. Axis Securities recommends buying Trent at Rs 4,800. 5 Nifty index cos, like ICICI Bank and Maruti Suzuki, are also undervalued.
These 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 formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Beat 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.
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 of it this might appear to be negative but the fact is that the street is also rewarding the stocks where there is either a positive surprise in Q4 earnings or any of the problems are getting solved. Like in the case of some companies which are seeing the lifting of restrictions by the RBI. So the street is at equilibrium level where it clearly shows that while there is no dearth of money for performers but at the same time if the valuations are high and there is no major positive surprise then it is probably time to shed some weight. Keep an eye on the market breadth in coming days and on the mutual fund numbers which are going to come today to figure out what will be the trend of mid-caps in the short term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
CreditAccess 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.
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Q4 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 releasing their March quarter report cards this week. Here’s a list:
CreditAccess’ 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%. Stock expected to trade at a premium valuation.
CreditAccess 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 against Rs 380 crore in the year-ago period.
Q3 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 cards this week. On Monday, Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group results will be out among others.
Are 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 years. Microfinance companies have gone through this cycle. More than a decade back, first listing of a micro finance company was a massive success though it is a different matter very soon it was embroiled in a controversy and finally taken over by a large private bank. Since then a number of finance companies have got listed and after a phase of out performance, they have been facing headwinds but then headwinds also don't remain for ever. Is the worst over for them and is it time to once again look at them ?
CreditAccess 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 has been rising. The share of other states in the total number of branches increased to 37.3% at the end of September 2023 from 33.4% a year ago.
Many counters weather the storm well, logging up to 21% in returns
"Long-term investors do not need to do much and the only thing they can do is to add on in dip and stay with quality," said Mukesh Kochar, head of wealth at AUM Capital.
For volatile markets bearish bias: 5 largecap stocks from different sectors with upside potential of up to 40%
Ranging from high valuation to event risks in the current quarter in terms of state elections, the global issues, both geo- political tension and high probability of hike in US interest rates. These all things were being ignored by the markets as the liquidity was ensuring that markets move upward very sharply. Finally, markets are waking up to some reality, there is a very likelihood that as adjustment of the global flows continues to happen, we might have more volatile movement. During this phase, if one is looking for investing, it might be better to stick with large caps as they would be better placed weather the volatility. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Breakout 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 Monday.
CreditAccess 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 22,488 crore, while the customer base expanded 21% to 46.03 lakh at the end of September.
CreditAccess 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 to Rs 22,488 crore while the customer base expanded 21% to 46.03 lakh at the end of September.
For 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 number of days, market breadth is showing that its bias is toward bears. Because this correction is coming at a time when the global situation is not so good, both in terms of interest rate and also higher geopolitical risks, it would be better that “caution” should be added when decisions are taken about investing and sticking to largecap. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Nifty on Wednesday ended about 121 points higher to form a reasonable bullish candle on the daily chart with a minor upper shadow.
Investing in energy, automobile, healthcare, FMCG, oil and gas, metal or IT stocks? Know how India Inc performs in Q1
Lower input costs, strong overall demand, and stability in interest rates helped corporate India’s performance. Energy, automobiles and healthcare sectors saw the highest jump in EBITDA margins. However, not all sectors benefited from lower input costs or commodity prices. Metals, consumer discretionary, and chemicals saw the highest decline in margins on a y-o-y basis.
CreditAccess 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.
Q1 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 earnings. TCS, HCL Tech and Wipro have already released their earnings
With Sensex above 65000-mark, brokerages are betting on these 30 stocks for high returns
Most money managers believe that the current rally in the Indian stock market has more legs as valuations are reasonable. Axis Securities and Motilal Oswal Securities favour the "growth at a reasonable price" theme and domestic-oriented companies. ICICI Bank, Maruti Suzuki, State Bank of India, RITES, Federal Bank, Varun Beverages, Ashok Leyland, PNC Infratech, ITC, Aarti Drugs, Relaxo Footwears, Mahindra CIE, Praj Industries, CCL Products, Polycab India, and CreditAccess Grameen are among their top picks. Experts expect the market positioning to shift to banks and domestic-cyclical stocks as more than half of the sectors still trade at a discount to their average.
CreditAccess’ 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.
ETMarkets Smart Talk: 2 reasons why last week’s Nifty move wasn’t a bear move
Steep rise in Nasdaq which has taken it above October 2022’s peaks, injects positivity into the IT space. Midcap stocks have remained gainers this month with an average gain of around 10%. This week, gains were selective and most of them are seen consolidating leaving room for extended upsides.
CreditAccess Grameen Q4 net profit soars 86%
The lender's gross loan portfolio grew by nearly 27% year-on-year to Rs 21,031 crore at the end of March while it added about 12.3 lakh new borrowers in the last fiscal.Managing director Udaya Kumar Hebbar is expecting a 24-25% growth in the gross loan portfolio and net interest margin of 12-12.2%
CreditAccess 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
CreditAccess Grameen Q2 Results: Cons net profit zooms 195% to Rs 176 cr
Net interest income rises about 40% to Rs 516 crore in the quarter
CreditAccess Grameen Q1 Results: Profit jumps nearly seven-fold to Rs 140 crore
“Our primary focus during the June quarter was on maintaining a strong collections trend and ensuring complete alignment with the new microfinance underwriting guidelines," managing director Udaya Kumar Hebbar was quoted as saying in a statement issued by the company.
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