GRUH Finance Ltd
GRUH

397.95

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

396.65

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 389.00
We recommend ACCUMULATE 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. However, we see limited upside as stock is currently trading at P/B of 11.93x on FY18E BVPS. (Target Price- Rs.421)
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50 DMA (.)
379.18
100 DMA (.)
354.08
200 DMA (.)
335.10
Weekly Range (.)
376.25
407.00
Monthly Range (.)
362.20
438.70
52 Weeks Range (.)
246.00
438.70
Detailed Chart
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