CreditAccess Grameen Ltd.
CreditAccess Grameen Ltd (CAGL), a Large Microfinance Institution (MFI) was mainly established to serve India’s low-income groups
(LIGs). CAGL is a leading MFI with INR 99 bn of AUM in FY20, the highest amongst all 53 MFIN members. A major portion of the portfolio derives
from the states of Karnataka, Maharashtra, and Tamil Nadu, primarily southern India. Strong rural existence, established operating
structure with notable GLP growth gaining its sturdy market share in the MFIN industry. Focus on geographic diversification to
minimize the concentrated risk and hence would maintain the asset quality at the same levels. India’s 70% of the rural population, RBI’s financial
inclusion plan (2001), and the Government’s Jan Dhan Yojana (2014) have presented more scope in the microfinance industry. We believe CAGL
has a strong ability to get back to normalcy post lockdown, as 82% of its overall portfolio is rural. Production and consumption are
largely local in rural areas. Post-COVID- 19, the microfinance industry would initiate rural economic growth and revenue generation.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock breaks the previous high.
2. Stock makes new all-time high.
3. high traded quantity. delivered quantity 21.8%
4. VWAP is 1009.01
5. Supertrend is positive.
6. Alligators are in uptrend.
7. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Ship Building.
1. MARKET CAP - ₹ 16,150.68 Cr.
2. P/E - 53.29
3. P/B - 4.18
4. ROE - 4.53 %
5. ROCE - 8.20%
6. EPS - ₹ 19.44
7. CASH - ₹ 2,027.53 Cr.
8. DEBT - ₹ 142.39 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning #creditaccessgramin
CreditAccess Grameen Ltd (CAGL), a Large Microfinance Institution (MFI) was mainly established to serve India’s low-income groups
(LIGs). CAGL is a leading MFI with INR 99 bn of AUM in FY20, the highest amongst all 53 MFIN members. A major portion of the portfolio derives
from the states of Karnataka, Maharashtra, and Tamil Nadu, primarily southern India. Strong rural existence, established operating
structure with notable GLP growth gaining its sturdy market share in the MFIN industry. Focus on geographic diversification to
minimize the concentrated risk and hence would maintain the asset quality at the same levels. India’s 70% of the rural population, RBI’s financial
inclusion plan (2001), and the Government’s Jan Dhan Yojana (2014) have presented more scope in the microfinance industry. We believe CAGL
has a strong ability to get back to normalcy post lockdown, as 82% of its overall portfolio is rural. Production and consumption are
largely local in rural areas. Post-COVID- 19, the microfinance industry would initiate rural economic growth and revenue generation.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock breaks the previous high.
2. Stock makes new all-time high.
3. high traded quantity. delivered quantity 21.8%
4. VWAP is 1009.01
5. Supertrend is positive.
6. Alligators are in uptrend.
7. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Ship Building.
1. MARKET CAP - ₹ 16,150.68 Cr.
2. P/E - 53.29
3. P/B - 4.18
4. ROE - 4.53 %
5. ROCE - 8.20%
6. EPS - ₹ 19.44
7. CASH - ₹ 2,027.53 Cr.
8. DEBT - ₹ 142.39 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #alligator #education #investing #investments #financialmarkets #learningeveryday #learning #creditaccessgramin