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
CreditAccess Grameen is hoping to raise about Rs 11.3 billion through its IPO
At the top-end of the price band, CreditAccess will have post-issue market capitalisation of Rs 60.4 billion