Best placed among peers; dominance to sustain

Company
28 Mar 2024
5 Min read 
  • CreditAccess Grameen is a well-placed NBFC in the microfinance sector.
  •  It has a strong dominance in the market and is expected to sustain its position.
  •  Despite expected normalization in return on assets, it is still considered a gold standard.
  •  The target price for the stock is INR 1760, representing a 24% increase.
  •  The company is well-prepared to capitalize on the growing opportunity in the microfinance segment.
  •  It has a strong asset quality and follows stringent policies for asset classification and provisioning.
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