CLSA has reiterated an Outperform rating on Bandhan Bank, with a target price of ₹240, implying a potential upside of approximately 41.8% from the current market price of ₹169.20.
Key Insights from CLSA’s Report
- Stable Slippages in Microfinance: Slippages remain range-bound, which is viewed as a positive sign for Bandhan Bank’s microfinance business.
- Secured Loans Drive Growth: The bank’s overall loan growth is largely driven by its secured loan portfolio.
- Improving Fundamentals: With previous overhangs cleared and fundamental improvements underway, CLSA expects the stock to re-rate.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
