BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse downgrades Bharat Financial Inclusion to underperform
Credit Suisse has downgraded Bharat Financial Inclusion to underperform with a target price of Rs 690. Rich valuations leave no scope for upside. Current valuations at 4 times FY18 estimated price to book value is expensive. Advice to switch to Shriram City Union Finance or LIC Housing Finance.