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We had initiated coverage on CreditAccess Grameen Ltd. with a BUY rating on Feb.08 2021 at Rs.729 for a target price of Rs.898 showcasing an upside of ~23%.

With the recent run-up in the share price and considering the volatility in the market, we recommend our investors to book profits at the current price as we close our coverage on the company.

At CMP of Rs.890, the stock has generated ~22% returns from our initiating recommendation.

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