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 recommends buy Credit Analysis & Research
Nirmal Bang has recommended buy call on Credit Analysis & Research for target price of Rs 1,716. It says CARE is a pure play on the rating business, deriving 99 per cent of its revenues from this business, which makes it the key beneficiary of capex cycle revival. Within the rating business, CARE is mainly driven by bank loan rating (BLR) segment followed by corporate debt rating (CDR) segment. The card rates for BLR/CDR are 4bps/10bps. respectively, for initial fees and 2.5bps/3.0bps, respectively, for surveillance fees, Nirmal Bang adds.