GRUH Finance Ltd
GRUH

298.40

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Turnover (lac)
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Day's Vol.(shares)

298.90

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Accumulate
Reco. Price
Rs 292.55

Last updated on 22-Nov-2016

We recommend Accumulate rating on the stock as, strong parentage, low C/I ratio and strong asset quality will drive earnings. Higher yields, higher credit ratings and NHB refinancing helps Gruh generate higher NIM’s. The stock is trading at 9x FY18E BVPS. (Target Price- Rs 316.2)
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50 DMA (.)
324.29
100 DMA (.)
316.12
200 DMA (.)
286.44
Weekly Range (.)
296.35
321.00
Monthly Range (.)
268.50
334.00
52 Weeks Range (.)
226.10
368.70
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