India's CreditAccess gains on ICICI Securities bullish view

CreditAccess Grameen

12/12/2022 09:36

** Shares of CreditAccess Grameen Ltd  CRDE.NS  rise as much
as 3% to 889.95 rupees, their biggest intraday pct gain since
Oct. 24
    ** Analysts at ICICI Securities expect CRDE's profitability
to rise above historic levels
    ** Brokerage says the sharp correction in stock price is
unwarranted considering the strong H1FY23 performance
    ** Nearly 90,218 shares change hands by 02:55 p.m. IST, 0.8x
30-day avg of 118,566 shares
    ** All of the 12 analysts covering the stock have a "buy" or
"strong buy" rating; median PT is 1,211 rupees - Refinitiv data
    ** CRDE stock up 44.48% YTD up to last close
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))