Espresso Shot of the Day - Creditaccess Grameen Ltd up by 5.22 percent

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Espresso Shot of the Day - Creditaccess Grameen Ltd up by 5.22 percent

May 31, 2022
Espresso Shot of the Day - Creditaccess Grameen Ltd up by 5.22 percent

CREDITACCESS GRAMEEN LTD 1072.10  (+5.22%) BSE – INE741K01010 | 31ST MAY 2022

https://www.myespresso.com/images/Binge-graph-image_CREDITACCESS-GRAMEEN-LTD2-202205311823122106873.jpg

CreditAccess India Foundation (CA India Foundation) is a registered Section 8 company incorporated on May 29, 2021. It is classified as a non-government company and is a 100% subsidiary of Credit Access Grameen Limited. CA India Foundation is focused on social development areas like Health, Education, Livelihood, Environment and on providing Humanitarian Aids. Going forward, CA India Foundation will implement CSR activities of CA Grameen Limited and Madura Micro Finance Limited.


Recent Drivers

  • On May 16, 2022, the company reported Net Sales of Rs.821.89 crores in March 2022, up 13.53% from Rs.723.91 crores in March 2021.
  • On May 16, 2022, the company reported Quarterly Net Profit at Rs.157.13 crores in March 2022, up 104.41% from Rs.76.87 crores in March 2021.
  • On May 10, 2022, the company allotted 40,447 Equity Shares of Rs.10/- each under ESOP
  • On Feb 16, 2022, the company approved a proposal to raise up to Rs. 5,000 crores through debt securities and an additional USD 7.4 million (about Rs.55.5 crores) by issuing masala bonds.
(Sources: BSE, Business Standard, Moneycontrol)


Technical Force*

  • S&P BSE 500 month till date gain up by -4.48%
  • Traded on 52 Week high value 1128.30
  • 3 months avg. NSE volume: 2,78,523
  • Quantity traded: 21,484 | Deliverable quantity: 4,110(19.13%)
  • Stock price jumped by more than 120% from a one-year low level: 495.30 (Dec 1, 2021)
  • Daily RSI (14) is near Oversold territory today
  • 52-week-high: 1128.30 | 52-week-low: 495.30


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1088.40

949.20

773.70

634.50

459.00

319.80

144.30

    -

Fibonacci Pivot

949.20

828.98

754.72

706.88

634.50

562.12

514.28

440.02

319.80


Today’s Close

1072.10

SMA

BSE

10 DAY

988.73

20 DAY

967.94

50 DAY

938.90

200 DAY

713.47


*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.


Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.