29 Oct 2025 | 5 Mins Read
CLSA upgrades CreditAccess target to ₹1,600 post strong Q2 earnings
Flipitmoney
CLSA maintained a "hold" rating on CreditAccess Grameen, raising its target price to ₹1,600 per share. The company reported a 52% higher profit after tax (₹130 crore) due to lower provisioning expenses and higher other income, driven partly by credit gains. However, increased overdue accounts and higher credit costs guided 70-100 basis points over earlier projections.