Buy Crisil Ltd. with a target of Rs 2609: Geojit BNP Paribas Financial Services
Buy Crisil Ltd. with a target of Rs 2609. Crisil, with a market share of around 60%, enjoys leadership position in rating business.
By ET Bureau | Updated:
Geojit BNP Paribas Financial Services has Buy call on Crisil Ltd. with a target price of Rs 2609 . The current market price of Crisil Ltd. is 2222.55 . Time period given by analyst is year when Crisil Ltd. price can reach defined target.
Geojit BNP Paribas Financial Services says Crisil, with a market share of around 60%, enjoys leadership position in rating business. It also provides research and risk & advisory services, which has reduced cyclicality in its revenue and profitability.
Crisil has consistently outperformed the industry over the last 10 years and maintained strong RoE of 30%. Revival in global economy will support growth momentum in research business and measures from RBI to deepen the corporate bond market will give boost to the rating business.
Geojit BNP Paribas Financial Services says Crisil, with a market share of around 60%, enjoys leadership position in rating business. It also provides research and risk & advisory services, which has reduced cyclicality in its revenue and profitability.
Crisil has consistently outperformed the industry over the last 10 years and maintained strong RoE of 30%. Revival in global economy will support growth momentum in research business and measures from RBI to deepen the corporate bond market will give boost to the rating business.
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