CreditAccess Grameen Ltd Share Price (CREDITACC)

CreditAccess Grameen Target Price Set at Rs 1,660 - 19 Sep, 2023

Brokerage firm expects robust return ratios and strong growth in asset under management for CreditAccess Grameen Ltd, with a target price of Rs 1,660 and potential upside of 25%.

CreditAccess Grameen Ltd Expected to Deliver Strong Returns - 16 Sep, 2023

MOSL estimates a 24% AUM/PAT CAGR over FY23-FY25, leading to a RoA/RoE of 5.6%/23% in FY25. CreditAccess Grameen's strong business model is expected to deliver robust return ratios.

New Leadership at CreditAccess Grameen - 15 Sep, 2023

CreditAccess Grameen Ltd has appointed a new CEO. Analysts at Bank of America-Merrill Lynch have commented that the focus should now be on execution.

CreditAccess Grameen Ltd to Benefit from Declining Rate Cycle - 12 Sep, 2023

Analysts predict that CreditAccess Grameen, with only 40% of their borrowings fixed, will benefit the most in a declining rate cycle.

CreditAccess Grameen Raises INR 989.58 Crore Through NCDs - 11 Sep, 2023

CreditAccess Grameen, the largest NBFC-MFI in India, has raised INR 989.58 crore through a public issue of secured, redeemable Non-Convertible Debentures (NCDs) listed on both NSE and BSE.

CreditAccess Grameen Ltd's Stock Shows Strong Growth - 06 Sep, 2023

CreditAccess Grameen Ltd's stock has gained 283% in five years and achieved compound EPS growth of 23%. The CEO is paid less than the median at similar sized companies. Total shareholder return was 38% in the last twelve months.

CreditAccess Grameen Plans to Raise up to Rs 1000 Crore via NCDs - 23 Aug, 2023

CreditAccess Grameen Ltd plans to raise up to Rs 1000 crore through non-convertible debentures (NCDs).

CreditAccess Grameen Plans Fund Raising via Public Issue of NCDs - 21 Aug, 2023

CreditAccess Grameen Ltd plans to raise funds up to Rs 1,000 crore through a public issue of secured rated, listed, redeemable non-convertible debentures (NCDs) with a base size of Rs 400 crore and a greenshoe option of up to Rs 600 crore.

CreditAccess Grameen Ltd Upgraded to Buy - 16 Aug, 2023

CreditAccess Grameen's Gross Loan Portfolio grew 39.7% YoY to Rs.21,814cr with a target of Rs.50,000cr in the next 4-5 years. Advances expected to grow at CAGR of 23%. Management guided for NIM at 12.0%-12.2% for FY24. Rating upgraded to BUY with revised upward target price of Rs.1,615 based on 3.3x FY25E Adj. BVPS.

CreditAccess Grameen Reports Strong Q1 Results and Appoints New CEO - 25 Jul, 2023

CreditAccess Grameen reported a strong Q1 with expansion in profitability, beating PAT estimates. Ganesh Narayanan has been appointed as the new CEO.

CreditAccess Grameen Reports Strong Q1FY24 Performance - 24 Jul, 2023

CreditAccess Grameen Ltd.'s Q1FY24 net profit surged 151.5% YoY to Rs 1,426.95 crore. The company reported a consolidated total income of Rs 1170.72 crore. Despite strong performance, CREDAG retained its earlier guidance of growing GLP in the range of 24%-25%. Ganesh Narayan was appointed CEO.

CreditAccess Grameen Q1 FY24 Net Profit Up 2.5 Times YoY - 21 Jul, 2023

CreditAccess Grameen reports a net profit of Rs 349 crore for Q1 FY24, up 2.5 times YoY, driven by healthy business expansion and improvement in credit quality. Gross non-performing assets fell to 0.89% at the end of June.

CreditAccess Grameen Ltd's Stake Sold by Creditaccess India BV - 12 Jul, 2023

Creditaccess India BV has sold a 5.8% stake in CreditAccess Grameen Ltd for ₹1,121.29 crore. Trading members have been advised not to deal in the company's debentures.

CreditAccess Grameen's Promoter May Sell Stake Via Block Deal - 30 Jun, 2023

CreditAccess Grameen Ltd's promoter, CreditAccess India BV, plans to sell up to a 5.8% stake in the company worth Rs 1,107 crore via a block deal at the base price of Rs 1,230 apiece, causing a drop in share prices.

CreditAccess Grameen Signs $200 Million Syndicated Social Loan Facility - 28 Jun, 2023

CreditAccess Grameen Ltd has signed a $200 million syndicated social loan facility, with commitments of $160 million received from 12 banks. This marks the first social ECB loan in India's microfinance industry.

CreditAccess Grameen Reports Strong Q1 Results - 27 Jun, 2023

CreditAccess Grameen Ltd reported a 15% YoY increase in net profit and a total loan portfolio of INR 11,000 crore for Q1, driven by growth in microfinance services. Its focus on providing financial support to women from low-income households and rural poor has contributed to its success.

CreditAccess Grameen stock breaks out above significant pattern - 26 Jun, 2023

CreditAccess Grameen Ltd has broken out above a significant 'rounded bottom' pattern, generating a buy signal with an upside potential of Rs 1,540-1,590 levels.

CreditAccess Grameen Ltd sees intra-day rally - 19 Jun, 2023

CreditAccess Grameen Ltd rallies up to 6% on BSE intra-day trade, remains market leader in many geographies in MFI sector.