Ambit Capital initiates Sell rating on Equitas Small Finance Bank
pre-market1 source ↓written by the desknot a recommendation
- price target
- ₹55.00
- Key risks include
- 74% of credit
- concentrated in three
- 52% of deposits
- from FY25-28E
- 15.1% CAGR
Ambit Capital has initiated coverage on Equitas Small Finance Bank with a Sell rating and a price target of ₹55.00. Key risks include 74% of credit and 52% of deposits concentrated in three states, alongside historical volatility in asset growth. Loan growth is projected at 15.1% CAGR from FY25-28E, while margins are expected to remain flat due to management's cap on MFI loans.
Not investment advice. For informational purposes only.