Espresso shot of the day – CreditAccess Grameen Ltd up by 9.45 percent

EspressoLogy

Espresso shot of the day – CreditAccess Grameen Ltd up by 9.45 percent

August 26, 2021
Espresso shot of the day – CreditAccess Grameen Ltd up by 9.45 percent

CREDITACCESS GRAMEEN LTD 658.85 (+9.45 %) BSE – INE741K01010 | 26TH AUGUST 2021


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 CreditAccess Grameen Limited. CA India Foundation is focused on social development areas like Health, Education, Livelihood, Environment and providing Humanitarian Aids. Going forward, CA India Foundation will implement CSR activities of CA Grameen Limited and Madura Micro Finance Limited.

Recent Drivers

  • On Aug 25, 2021, CreditAccess Grameen said that its board has considered and approved the terms and conditions for issuance of 1,000 Non-Convertible Debentures aggregating up to Rs 100 crores.
  • On Aug 25, 2021, CreditAccess Grameen announced that in connection with the merger of Madura Micro Finance (MMFL), the material subsidiary of the company (transferor company) with CreditAccess Grameen (transferee company), both the entities have now filed the first motion petitions before the jurisdictional benches of National Company Law Tribunal at Chennai and Bengaluru, respectively.
  • On Aug 25, 2021, the company reported net profit at Rs 20.3 crores in the June quarter.
  • On Aug 25, 2021, the company reported total income at Rs 617.4 crores in the June quarter.
  • On Aug 10, 2021,CreditAccess Grameen allotted 38,739 equity shares of Rs 10 each to 33 employees, who had exercised their options under the ESOP Scheme of the company. Mr. Udaya Kumar Hebbar, Managing Director and CEO, is allotted 15,000 equity shares.
  • On July 9, 2021, CreditAccess Grameen has allotted 68,764 equity shares of Rs 10 each to 31 employees, who had exercised their options under the ESOP Scheme of the company.
  • On June 9, 2021, CreditAccess Grameen has allotted 13,234 equity shares of Rs 10 each to 27 employees, who had exercised their options under the ESOP Scheme of the company.
(Sources: The Economic Times, BSEIndia, Business Standard)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.24%
  • 3 months avg. volume of NSE: 2,28,087
  • Quantity traded: 34,046 | Deliverable quantity: 17,729 (52.07%)
  • Stock price has jumped more than 20% from one-year low level: 541 (Apr 19, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 839 | 52-week-low: 541

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1764.77

1328.78

1069.72

687.73

374.67

-

-

-

Fibonacci Pivot

1328.78

1117.21

953.24

847.59

687.73

527.87

422.22

258.19

-


Today’s Close

658.85

SMA

BSE

10 DAY

626.89

20 DAY

637.09

50 DAY

688.31

200 DAY

695.20


Some Key Ratios (Source: BSE)

Market Cap: 10,259.38 crores

PE: 94.56

OPM%: -

ROE%: 2.98

Promoters holding%: 73.97

Prev. Close: 601.95

*Chart And Technical Force data taken 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 Comtrade 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.