Bullish on SKS Microfinance: Gaurang Shah, Geojit BNP Paribas Financial Services
In terms of valuation, there is a lot left for a retail investor not only from the listing gains point of view but even from an investment angle.
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| Gaurang Shah, Asst. VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about SKS Microfinance.
What would you do with SKS Microfinance?
SKS Microfinance was 1065-1080 yesterday, day before yesterday. We had a buy call on this particular stock. The company has projected a 100% CAGR growth. In terms of valuation, there is a lot left for a retail investor not only from the listing gains point of view but even from an investment angle.
We feel that there is going to be a phenomenal growth given the kind of focus the SKS Microfinance has in the rural finance segment and of course the ticket size is very small, defaults are absolutely zero and their overall average lending rate is close to roundabout 28%. So we are quite optimistic on SKS Microfinance going to be a multibagger.
What would you do with SKS Microfinance?
SKS Microfinance was 1065-1080 yesterday, day before yesterday. We had a buy call on this particular stock. The company has projected a 100% CAGR growth. In terms of valuation, there is a lot left for a retail investor not only from the listing gains point of view but even from an investment angle.
We feel that there is going to be a phenomenal growth given the kind of focus the SKS Microfinance has in the rural finance segment and of course the ticket size is very small, defaults are absolutely zero and their overall average lending rate is close to roundabout 28%. So we are quite optimistic on SKS Microfinance going to be a multibagger.
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