Equitas Holdings Ltd., incorporated in the year 2007, is a banking company (having a market cap of Rs 1616.67 Crore).
By ETMarkets.com | Updated:
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Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 20.7 per cent, DIIs 34.2 per cent and public and others 45.1 per cent.
Motilal Oswal has given a buy rating to Equitas Holdings with a target price of Rs 65. The share price moved down by 0.96 per cent from its previous close of Rs 46.70. The stock’s last traded price is Rs 46.25.
Equitas Holdings Ltd., incorporated in the year 2007, is a banking company (having a market cap of Rs 1616.67 Crore). Investment Rationale Expect a potential increase in delinquencies in the MFI/Business loans and CV portfolio. It believes credit cost will stay elevated at 2.7% for FY21. It maintains Buy with TP of INR65 (0.8x Sep’22E ABV).
Promoter/FII Holdings Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 20.7 per cent, DIIs 34.2 per cent and public and others 45.1 per cent.
