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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Motilal Oswal initiates coverage on SKS Microfinance
Motilal Oswal has initiated coverage on SKS Microfinance with 'buy' for target price of Rs 589/share. Motilal Oswal says that the stock has multiple near term triggers and its competitive positioning is likely to improve. Motilal adds that its political risk has reduced significantly and regulatory environment is supportive for the sector. The brokerage expects 42 per cent compounded annual growth in profit after tax over coming years and says that its premium valuations are likely to sustain.