EQUITAS SFB SHARES
This banking stock gave 22% returns last year; is Equitas Small Finance Bank stock a good buy now?
Equitas Small Finance Bank’s 2022-23 annual report expects a Rs.22 lakh crore market for small business lending, backed by residential property. A recent Centrum Broking report states that the company is poised to double its AUM within the next three years, supported by its improving deposit franchise and distinct client segments. Its comfortable valuations at 1.4 times based on 2025-26 P/ABV (price to adjusted book value) presents an appealing opportunity for entry, adds the Centrum report. Should you invest in Equitas Small Finance Bank now?
Buy Equitas Small Finance Bank, target price Rs 115: Geojit Financial Services
Equitas Small Finance Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 10780.55 crore).
Equitas Small Finance Bank Q4 Results: PAT jumps 9% YoY to Rs 208 crore
The bank's gross advances rose 23% year-on-year to Rs 34,337 crore. Its asset quality improved with the gross non-performing assets ratio falling to 2.61% at the end of March from 2.76% a year back. Provision coverage ratio stood at 56%.
Q4 Results: How AU SFB, DCB Bank and Equitas SFB performed in March quarter
Banking companies, AU Small Finance Bank, Equitas Small Finance Bank and DCB Bank on Wednesday reported their Q4 results. Of the three, AU SFB and DCB Bank have also announced dividends.
If rates stabilise, our NIMs should be fairly comfortable going forward: PN Vasudevan, Equitas SFB
Equitas Small Finance Bank's NPA increased from 2.21% to 2.39% in the third quarter due to a securitisation transaction. They expect slippages to reverse in the fourth quarter. The bank is comfortable on capital adequacy and well placed in the current interest rate scenario. Equitas SFB's MD & CEO says: "Our pre-Covid GNPA used to be in the range of 2.5% and we are fairly back to our pre-Covid level."
Equitas Small Finance Bank Q3 Results: Net profit rises 19% YoY to Rs 202 crore
The net interest margin for the quarter compressed to 8.37% against 9.01% seen in the December 2022 quarter, primarily because of rising cost of funds. Net interest income rose 21% year-on-year at Rs 785 crore while other income grew 35% at Rs 206 crore.
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Small finance banks bounce back from Covid lows
Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.
Breakout Stocks: How to trade BLS International, Bajaj Auto and Equitas SFB on Wednesday
BLS is currently trading at an all-time high of ₹317. The stock has recently experienced a robust breakout of a rounding bottom pattern, accompanied by significant trading volume, forming a strong bullish candle on the daily chart. This trend signals a positive shift in momentum for the stock
Small finance banks wants RBI to clear doubt about micro loan risk weightage
Microfinance loans constitute a majority share of SFBs' loan portfolio, barring a few exceptions like AU and Equitas. The confusion arose because the regulator categorically exempted microfinance and self-help group loans from the requirement of higher capital allocation for non-banking finance companies (NBFCs) while it remained silent about the status of microfinance loans for banks including SFBs.
Jana Small Finance Bank gets Sebi nod for IPO
Jana would be the seventh small finance bank (SFB) to be listed. The already listed small finance banks are AU, ESAF, Equitas, Suryoday, Ujjivan and Utkarsh out of the 12 licensed by the Reserve Bank of India
Market Trading Guide: IRCTC, Equitas SFB among 5 stock recommendations for Wednesday
Target Price: Rs 101 Stop Loss: Rs 86 Post multi-month uptrend, the stock went through a price consolidation. However, during this decline, the stock has managed to defend its 21-day EMA levels and these EMA levels are acting as a support zone since July’23. Positive follow-up action is likely to resume the prevailing uptrend. (Amit Trivedi, Technical Analyst - Institutional Equities, Yes Securities)
Canara Bank, Equitas SFB among 9 banks that saw decrease in NPAs
As RBI noted in the latest edition of its Financial Stability Report released on Wednesday, scheduled commercial banks' net non-performing assets (NPA) ratio fell to a 10-year low of 3.9% in March 2023. Here's a list of 9 banks that saw a decrease in NPA in Q4FY23, as per Trendlyne data.
Stock Radar: 50% rally in 6 months! This financial services stock hits fresh record high in May; time to buy?
Experts suggest Equitas Small Finance Bank's stock can reach Rs 100 in 3-6 months. The stock has rallied more than 50% in the last six months, hitting a fresh high of Rs 85.80 in intraday trading on May 29. Technical analysis indicates the stock has witnessed a 2-year breakout and has confirmed a breakout on Heikin Ashi candles.
Equitas Small Finance Bank jump over 7% post Q4 results. Should you Buy, sell or hold?
Equitas Small Finance Bank reported a 58% YoY rise in net profit for Q1 at INR 190 crore ($25.5m) and a total income of INR 1,394.41 crore. Following the announcement, shares in the bank surged 7.5% to reach INR 78.35 on Monday. The Board of Directors also recommended a dividend of Re 1 per equity share. Analysts have advised buying Equitas' stock, with YES Securities predicting 25% loan CAGR and 33% earnings CAGR over FY23-25 and expecting RoE to surpass 16% in FY25.
Stocks in news: HCL Tech, Adani Ports, ICICI Securities, Equitas SFB, Tata Motors
The Nifty futures on the Singapore Exchange were up by 0.14%, indicating a positive start to domestic equities. HCL Tech, Tata Communications, ICICI Securities, Adani Ports, ICICI Pru Life, Cyient, Laxmi Organic Industries, Equitas Small Finance Bank, UltraTech Cement, NBCC, Bank Of Maharashtra, and Mastek were among the stocks that will be in focus for various reasons.
Two foreign investors buy stakes in Equitas SFB for Rs 98 cr in bulk deal
According to the shareholding pattern as of December quarter, Equitas Small Finance Bank is completely owned by public shareholders. Mutual funds own about 38.11% stake in the company, while foreign investors have 18.66%. Ace investor Ashish Dhawan holds 3.64% in the company.
Gujarat Titans ropes in Equitas SFB as banking partner for IPL 2023
The Gujarat Titans team will sport the Equitas Small Finance Bank logo on the back of the helmet as part of the team’s jersey. "This partnership campaign will be aimed to communicate that Equitas has been playing a progressive role in transforming the lives of individuals through their lending and social responsibilities of ‘Beyond Banking’," stated a press release.
As bears grip Sensex, bulls ride on smallcaps; 61 stocks give double-digit weekly returns
Analysts remain broadly positive on the capital goods space as higher spending by the government will drive orders and boost revenue visibility for the companies in this sector.
Equitas SFB Q3 Results: Net profit rises 57% to Rs 170 cr in highest ever quarterly profit
The bank's asset quality improved with gross non-performing assets ratio falling to 3.63% at the end of December 2022 from 4.61% a year back. Net NPA was at 1.8% against 2.5%.“The effect of Covid on the bank’s financials has waned," managing director PN Vasudevan said
These 5 midcap stocks with ‘strong buy’ & ‘buy’ ratings can rally over 25%, say analysts
For all those who are getting jittery about markets getting volatile, just a reminder that in quarterly earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results from select sectors like financials. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. 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.
Small business loans & merchant OD facility helped Equitas SFB loan growth: CEO
“We do not expect our risk profile of the portfolio to change pre Covid and post Covid. Also pre Covid, our average annual credit cost used to be in the range of 1 to 1.1% which went up during the Covid period, This year it is seeing a little bit of normalcy and is around 1.5%. We aim to get our credit cost back to that 1.1 to 1.2% level.”
Equitas SFB rallies over 7%, hits 52-week high. What's the trigger
As per Trendlyne data, the highest target price for the stock goes up to Rs 75, while the average target price estimate is Rs 67, which shows an upside potential of 9% from the current market prices. Out of the 12 analysts covering the stock, ten have strong buy ratings and two have buy ratings.
Can a small finance bank be the next HDFC Bank in the making for equity investors?
Though the risks SFBs take are on the higher side, the business growth has also been higher. So, if you are planning to invest in these stocks you need to be extremely careful in selection.
Equitas SFB rises 4% on RBI nod to reappointment of MD & CEO
We wish to inform that pursuant to the bank's application vide its letter dated May 23, 2022, RBI vide its letter dated June 15, 2022 has approved the proposal to reappoint Vasudevan P N as the Managing Director & Chief Executive Officer (MD &CEO) of the bank, for a period of one year with effect from July 23, 2022, it said in a regulatory filing.
No timeline for locating new Equitas SFB CEO, we don’t want to make a mistake: PN Vasudevan
“We are not putting a timeline around the whole process, we do not want to make a mistake. We are very clear that we can take a few more months if required but not make a mistake of getting a wrong person in place and so there is no timeline as such and whatever time it takes we will go through it and get the right candidate into the bank at that point in time.”
Equitas SFB drops 9% as CEO & MD seeks to hang up his boots
In a regulatory filing, the bank shared Vasudevan's letter, in which he expressed his desire to quit but did not give a timeline. However, Vasudevan said he would continue until a successor is found.
Equitas Holding, SFB zoom up to 10% as boards approve scheme of amalgamation
The scheme proposes the amalgamation of Equitas Holdings into and with Equitas SFB and the dissolution without winding-up of the transferor company pursuant thereto, a filing said. The amalgamation between the two entities is subject to approvals from RBI, stock exchanges, Sebi as well as the National Company Law Tribunal (NCLT).
Equitas SFB jumps 9% as lender raises Rs 550 cr from marquee investors
The bank sold the shares at Rs 53.59 apiece, which is at about a 5 per cent discount to the floor price of Rs 56.40. The price includes a premium of Rs 43.59 over the face value of Rs 10 per share.
Expect share of affordable housing loan to touch 10% over next 2-3 years: Equitas SFB MD
“We should continue to see a small level of moderation or coming down of our interest cost over the next two to three quarters.”
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