India's CreditAccess Grameen jumps on Q3 profit rebounds

CreditAccess Grameen

21/01/2026 05:36

** CreditAccess Grameen CRDE.NS jumps as much as 10.7% to 8-week high at 1,375.70 rupees; last up 8.3%

** Microfinance firm posts Q3 profit of 2.52 bln rupees ($27.6 mln) vs year-ago loss of 1 bln rupees; revenue up ~8% y/y

** Emkay upgrades to "buy" from "add", citing steady recovery path

** HSBC upgrades to "buy" from "hold"; hikes PT to 1,630 rupees from 1,310 rupees

** Says most positives (growth momentum, margin recovery, cost improvement) seem intact, likely to improve during MFI upcycle

** Adds co will enter FY27 with better base, leading to improving earnings outlook

** Stock rated "buy" on avg; median PT at 1,550 rupees, per data compiled by LSEG

($1 = 91.3400 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))