Motilal Oswal is bullish on Equitas Small Finance recommended buy rating on the stock with a target price of Rs 125 in its research report dated January 27, 2024.
The bank s net interest margin however fell to 8.43% from 9% in the year ago quarter. Net interest income grew 26% year-on-year at Rs 766 crore while other income rose 25% to Rs 181 crore.
On Monday, 2209 stocks advanced, 1470 declined and 199 remained unchanged, with an advance decline ratio of 1.50 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets opened the week with a gain of more than 0.5%, following encouraging global signs. Beaten-down sectors of the previous sessions, such as IT, metals, power, and oil & gas stocks, performed well while a strong buoyancy in Asian and European indices boosted the local market confidence.
On Tuesday, 2068 stocks advanced, 1492 declined and 168 remained unchanged, with an advance decline ratio of 1.39, indicating a positive closing of stocks in broader markets. Investors exercised caution as the recent rally was too fast paced and valuations became costly.
Motilal Oswal is bullish on Equitas Small Finance recommended buy rating on the stock with a target price of Rs 87 in its research report dated May 06, 2023.