Neutral Equitas Holdings, target Rs 220 : Motilal Oswal Securities

Motilal Oswal Securities has a neutral call on Equitas Holdings Ltd. with a target price of Rs 220 .The current market price of Equitas Holdings Ltd. is Rs 174.95 Time period given by the brokerage is a year for Equitas Holdings Ltd. price to reach defined target. Motilal Oswal expects NII growth of 38% YoY, led by strong loan growth of 40%+ YoY, aided by increased focus on SME and housing credit growth. Traction in MFI and vehicle loans would be maintained. The brokerage has upgraded estimates by ~5% to factor in better than expected margin.