This Small Cap Holding Stock Grew 8.47% In 1 Month, Hits 52 Week High, Motilal Oswal Says Buy

Motilal Oswal initiates a "buy" on the stock of Equitas Holdings Limited for a target price of 150 per share in its December 2022 Results Preview report. It sees a potential gain of 16% from its current level considering the given target price to the stock. Equitas Holdings is a small cap Holding company with a market capitalisation of Rs 4,444.98 crore.

Stock Outlook & Returns

The stock of Equitas Holdings on NSE last traded at Rs 130.05 per share, down 0.88% from its previous close. It recorded its 52 week low on 16 June 2022 at Rs 75 apiece and 52 week high on 4 January 2023 at Rs 136.75 apiece, respectively. The stock has surged 4.33% in 1 week. It surged 8.47% in 1 month and 27.31% in 3 months, respectively. It has given positive returns of 12.55% in 1 year, and 23.5% in 3 years, respectively. It fell 17.24% negative returns in the past 5 years. 

According to the Motilal Oswal

• Expect NIMs to remain steady at ~9.0%.
• Expect elevated credit costs to keep earnings growth modest.
• Focus to remain on movement in asset quality in the MSME book, CE and the restructuring book.
• Expect a pick-up in business growth; Management commentary to be a key monitorable.

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.