CreditAccess Grameen’s stock has underperformed due to asset quality pressure, floods, muted customer additions, and disbursements. However, analysts expect strong performance. Gross loan portfolio increased by 31.5%. Cost-income ratio fell to 29.5%. Stock expected to trade at a premium valuation.
ET Intelligence Group: The stock of CreditAccess Grameen has underperformed the benchmark and sector indices since January 19 when it declared the third quarter results, reporting pressure on the asset quality due to floods in the key market of Tamil Nadu (TN), muted customer additions and disbursements amid upgrading of core banking facilities. The stock has lost over 14% during the period compared with around 3% return in each of the S&P BSE
BY
ET Bureau
4 mins read, Last Updated:
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