BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Jefferies downgrades Capital First to hold
Jefferies has downgraded Capital First to "hold" from "buy" with a target price of Rs 747. Credit costs of the company increased due to change in provisioning norms. We raise FY17-18 earnings estimates by 8-12 per cent. At current valuation the stock trades at 2.9 times FY18 estimated book value.