2021-08-02 Equitas Small Financ.. Axis Direct

60.70 76.00 60.70
(-1.89%) 27.62 Buy

Result Update:Equitas Sma. Fin

We maintain our BUY rating on the stock and value EQSFB at 2.1x FY23E ABV to arrive at a target price of Rs 76/share, implying an upside of 21% from CMP.

2021-05-03 Equitas Small Financ.. Axis Direct

54.65 70.00 54.65
(8.97%) Target met Buy

Result Update:Equitas Sma. Fin

We maintain a BUY on the stock and value it at 1.9x FY23E ABV to arrive at a target price of Rs 70, implying an upside of 26% from CMP.

2021-04-01 Equitas Small Financ.. Axis Direct 61.85 72.00 61.85
(-3.72%) Target met Buy

Equity Investment Strategy: Axis Top Picks (April - 2021)

Based on the above themes we recommend the following stocks: ICICI Bank, SBI, Equitas SFB, Federal Bank, Bharti Airtel, HCL Tech, Tech Mahindra, Varun Beverages, Relaxo Footwears, Amber Enterprises, Camlin Fine Science, Minda Industries, Steel Strip Wheels. Lupin & ACC

2021-03-15 Equitas Small Financ.. Axis Direct

58.40 72.00 58.40
(1.97%) Target met Buy
2021-02-02 Equitas Small Financ.. Axis Direct

43.00 46.00 43.00
(38.49%) Target met Buy

Result Update:Equitas Sma. Fin

The continued traction in the liability franchise, shift towards a more secured book along with control over opex augur well for the bank. We maintain a BUY on the stock with a target price of Rs. 46. (1.3x FY23E ABV).

2020-12-03 Equitas Small Financ.. Axis Direct 34.80 41.00 34.80
(71.12%) Target met Buy

Initiating Coverage:Equitas Sma. Fin

Strong non-microfinance led AUM growth, ramp-up in low-cost deposits on the back of a revamped liability strategy, visibility in improvement in ROA/ROE to upwards of 2%/16% resp. in the long term with operating leverage kicking in and an experienced and competent management are key positives.

2020-10-20 Equitas Small Financ.. HDFC Securities
IPO Note

Equitas Small Finance Bank Limited - IPO Note 20102020

Equitas Small Finance Bank Limited - IPO Note Issue Open: Oct 20 Oct 22, 2020 Price Band: Rs. 32 33 Issue Size: 156,848,485 eq shares (Fresh Issue of 84,848,485 eq sh + Offer for Sale of 72,000,000 eq sh ) Issue Size: Rs. 501.9 517.6 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh Employee Reservation: Rs.1 cr EHL Shareholder Reservation: Rs 51.0 cr Face Value: Rs 10 Book value: Rs 26.47 (June 30, 2020) Bid size: - 450 equity shares and in multiples thereof

2020-10-20 Equitas Small Financ.. Ventura
IPO Note 2020-10-19 Equitas Small Financ.. ICICI Securities Limited
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