HSBC Upgrades Credit Access Grameen to Buy Rating with Target Price of ₹1,630
HSBC has upgraded Credit Access Grameen to a Buy rating with a target price of ₹1,630.00. The upgrade reflects the brokerage's positive assessment of the microfinance company's prospects and business fundamentals in the current market environment.
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HSBC has upgraded Credit Access Grameen to a Buy rating while raising its target price to ₹1,630.00. This revision marks a positive shift in the brokerage's assessment of the microfinance company.
Brokerage Recommendation Details
The upgrade to Buy rating represents HSBC's increased confidence in Credit Access Grameen's business model and operational performance. The new target price of ₹1,630.00 suggests potential upside for investors considering the stock.
| Parameter: | Details |
|---|---|
| Rating: | Buy |
| Target Price: | ₹1,630.00 |
| Brokerage: | HSBC |
Market Implications
The brokerage upgrade comes as Credit Access Grameen continues to operate in the microfinance sector. HSBC's positive stance on the company reflects their analysis of the business fundamentals and market positioning.
The revised target price provides investors with HSBC's valuation perspective on the stock's potential performance. Such upgrades typically influence investor sentiment and can impact trading activity in the stock.
Historical Stock Returns for Credit Access Grameen
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.06% | +5.16% | +5.88% | +6.73% | +35.59% | +83.06% |
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