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  • PNB Housing

    The company’s loan book growth would improve due to focus on affordable housing scheme and regional penetration. Moreover, well-known brand and the lowest cost of funding provides it a competitive advantage over its peers. Its distinct borrowing cost ...

    Buy Reco. Price: 1,190.00

  • Indiabulls Hous.

    Focus on core mortgage loans and market share gains should drive AUM growth of 25% over FY18-20E. Management continues to focus on increasing the proportion of residential home loans. It targets the share to increase from existing ~53% to ~60% by FY18E ...

    Buy Reco. Price: 1,062.00

  • Reliance Home

    RHFL stands to benefit from government’s scheme for affordable housing to low and mid-income group population. It would continue robust growth in loan assets and maintain asset quality through (a) wide distribution network in over 100 locations, (b) d...

    Buy Reco. Price: 53.00

  • Can Fin Homes

    We expect strong growth in affordable housing loan segment and high yielding non-core segments. Moreover, favourable funding mix and lower cost-to-income ratio will trigger earnings growth. It is expected to register 26% CAGR in loan book over FY18-20E. Fur...

    Buy Reco. Price: 292.00

  • Shri.City Union.

    Change in mix towards higher yielding loans and improvement in the funding profile will lead to healthy margins and improved NII growth. Improved product mix, geographic expansion and long tenure products will drive AUM. We expect AUM to grow at ~22% CA...

    Buy Reco. Price: 1,812.00

  • Bajaj Fin.

    We expect strong AUM growth led by consumer finance (35% CAGR) that will be driven by CD financing business and SME segments. The company’s AUM would grow at CAGR of ~32% over FY18-20E. Revival in LAP and business loan growth of ~7% and ~38% CAGR is e...

    Buy Reco. Price: 2,379.00

  • Equitas Holdings

    The scale-up of its non-MFI book will support ~30% AUM growth over FY18-20E. Consequently, strong underlying momentum in vehicle/ business loans, LAP, and scale up of new product segments will support its AUM growth. We believe company’s RoEs to b...

    Buy Reco. Price: 133.00

  • Ujjivan Fin.Ser.

    Business volumes of microfinance is back to normal post demonetization and it is expected to grow decently over FY19-20E. In addition, rising bank branch network will  help in addition of new customers and cross sell opportunities (from existing an...

    Buy Reco. Price: 296.00

  • LIC Housing Fin.

    LICHF migration to Ind-AS will lead to earnings upgrade by 4.6%-4.8% for FY19-20E respectively. LICHF’s core operations, however, remain challenged on loan growth, margins and retail credit quality. Despite this, LICHF is likely to deliver 1.4-1.5% RO...

    Buy Reco. Price: 438.00

  • M & M Fin. Serv.

    MMFS is a key beneficiary of cyclical rebound in rural economy. The strong underlying growth in vehicle demand, improvement in collection efficiency, improving rural macros, shifting focus to growth and a well-capitalized balance sheet augur well for MMFS.&...

    Buy Reco. Price: 411.00