India's Creditaccess Grameen falls as brokerages flag credit cost risks
BUZZ-India's Creditaccess Grameen falls as brokerages flag credit cost risks ** Shares of India's Creditaccess Grameen CRDE.NS falls 4.5% to 1,039 rupees
** Stock on track for eight straight sessions of losses
** Consumer lending co's Q2 consolidated profit rose to 5.02 billion rupees ($52.89 million), revenue rose to 19.04 billion rupees
** HSBC expects earnings growth to slow; cuts TP to 1,400 rupees from 1,520 rupees, reduces EPS estimates by 3.6% to 4.9% for FY27-28 on lower AUM growth
** Motilal Oswal expects growth to improve in near term; flags high credit costs as concern in the second half** Stock rated "buy" on avg by 14 analysts, with median PT of 1,590 rupees - data compiled by LSEG
** Stock down 17.35% YTD
($1 = 94.9100 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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