BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang maintains buy on Credit Analysis And Research
Nirmal Bang has maintained its buy call on Credit Analysis And Research for target price of Rs 1,429. It says as many as 555 new clients were added in 1QFY17 against 708 YoY. The volume of debt rated increased 52.5%/33.1%/72% in bank loan ratings/corporate debt ratings/others (SME and short-term loans). The management believes that CARE has gained market share from competitors in BLR/CDR(corporate debt rating) segments as a result of which the number of assignments also increased by 55.1% to 76 (in CDR space) in 1QFY17.