BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains buy on Bharat Financial Inclusion
Edelweiss has maintained buy on Bharat Financial Inclusion for target price of Rs 925. It says these are challenging times for MFIs manifested in temporary lull in earnings. However, in light of its robust franchise (6.8 million members) and business practices, we expect BFI to scrape through these challenging times and revert to RoE upwards of 20% by FY19E. Well capitalised balance sheet and strong management lend comfort.