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Buy Equitas Holdings Ltd For Target Rs.130 - Motilal Oswal Financial Advances growth healthy; traction in deposits stays strong EQUITAS released its business update for 1QFY23. Here are the key highlights: * EQUITAS reported a healthy growth in gross advances, which grew 21.7% YoY and 5.4% QoQ to INR217b. Growth was supported by strong disbursements, which stood stable QoQ at INR32.4b (up 156% YoY). * On the liability front, traction in deposits remains strong, up 19.3% YoY and 7.6% QoQ to ~INR204b, within which CASA deposits grew 55.3% YoY and 7% QoQ...
Buy Equitas Holdings Ltd For Target Rs.130 - Motilal Oswal Financial
Buy Equitas Holdings Ltd For Target Rs.130 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
8/07/2022 1:48:17 PM
Buy Equitas Holdings Ltd For Target Rs.150 - Motilal Oswal Advances grew 5% QoQ; CASA led momentum in deposits Commentary on collection efficiency positive EQUITASB released its business update for 4QFY22. Here are the key highlights: * EQUITASB reported a 15.2% YoY and 4.9% QoQ growth in gross advances to INR206b. Growth was supported by a 15% QoQ improvement in disbursements to INR32.8b. * On the liability front, total deposits grew 16% YoY and 6% QoQ to INR190b, led by robust CASA growth of 76% YoY and 8% QoQ. CASA ratio improved...
Buy Equitas Holdings Ltd For Target Rs.150 - Motilal Oswal
Buy Equitas Holdings Ltd For Target Rs.150 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/04/2022 12:19:17 PM
Key News - Reliance Industries Ltd, Bajaj Hindusthan Ltd, Oberoi Realty Ltd, Equitas Holdings Ltd, Alliance Air By ARETE Securities Key News Reliance to buy control of New York's Mandarin Oriental hotel for $98 mn Reliance Industries Ltd is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. The company said the acquisition of Columbus Centre Corp (Cayman), an indirect owner of a 73.37 per cent stake in Mandarin Oriental New York, by Reliance Industrial Investments and Holdings Ltd would...
Key News - Reliance Industries Ltd, Bajaj Hindusthan Ltd, Oberoi Realty Ltd, Equitas Holdings Ltd, Alliance Air By ARETE Securities
Key News - Reliance Industries Ltd, Bajaj Hindusthan Ltd, Oberoi Realty Ltd, Equitas Holdings Ltd, Alliance Air By ARETE Securities
Source: ARETE Securities Ltd
10/01/2022 9:19:46 AM
Buy Equitas Holdings Ltd For Target Rs. 140 - Motilal Oswal RBI permits SFBs and respective holdcos to apply for Amalgamation scheme Progress on scheme to help unlock shareholder value; CE recovery a nearterm monitorable * The RBI has allowed small finance banks (SFBs) and their respective holding companies to apply for the Amalgamation scheme. Equitas and Ujjivan are going to complete five years of business operations. Although SFBs are required to dilute their promoter shareholding to <40% within five years, this amalgamation scheme would g...
Buy Equitas Holdings Ltd For Target Rs. 140 - Motilal Oswal
Buy Equitas Holdings Ltd For Target Rs. 140 - Motilal Oswal
Source: Motilal Oswal Financial Services
19/07/2021 11:56:42 AM
Buy Equitas Holdings Ltd For Target Rs. 110 - Motilal Oswal Strong deposit traction; CE recovery remains a key monitorable Equitas Small Finance Bank has released its business update for 1QFY22. Here are the key highlights: * Equitas Small Finance Bank reported 14.6% YoY growth (broadly flat QoQ) in gross advances to ~INR178b. The muted trends were primarily attributable to lockdowns in core states/territories, which resulted in subdued disbursements of INR12.7b (~50% QoQ decline). However, on a YoY basis, it reported a ~125% increase. * On t...
Buy Equitas Holdings Ltd For Target Rs. 110 - Motilal Oswal
Buy Equitas Holdings Ltd For Target Rs. 110 - Motilal Oswal
Source: Motilal Oswal Financial Services
16/07/2021 10:53:33 AM
Buy Equitas Holdings Ltd For Target Rs.105 - Motilal Oswal Collection efficiency improving; Business growth improving Restructuring increased to ~2.6% of loans; Credit cost to stay elevated * Equitas Small Finance Bank reported PAT of INR1.1b (higher than our estimate) driven by higher PSLC fee income and lower provisions. Non-MFI AUM growth came in at 25% YoY while MFI portfolio declines further. On the liability front, Deposit growth momentum strong with CASA ratio improved to 34%. * On the asset quality front, higher write-offs of INR1.7b...
Buy Equitas Holdings Ltd For Target Rs.105 - Motilal Oswal
Buy Equitas Holdings Ltd For Target Rs.105 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/05/2021 10:24:24 AM