Equitas Small Finance Bank share price: Buy Equitas Small Finance Bank, price target Rs 62: Yes

Yes Securities has a call to buy on Equitas Small Finance Bank with a target price of Rs 62. The current market price of Equitas Small Finance Bank is Rs 53.95. The time period given by the analyst is Intra Day when the price of Equitas Small Finance Bank Ltd. can achieve the set goal.

Equitas Small Finance Bank Ltd., incorporated in 1993, is a banking company (having a market capitalization of Rs 6763.77 Crore).

The main products/income segments of Equitas Small Finance Bank Ltd. include interest and discounts on advances and bills, income from investments and interest on balances with RBI and other interbank funds for the year ending March 31, 2021.


For the quarter ended 31-12-2021, the company reported total standalone revenue of Rs 1035.01 Crore, up 4.40% from last quarter, total revenue of Rs 991.40 Crore and in up 3.14% from the same quarter last year, total revenue of Rs 1003.54 Crore. The bank reported a net profit after tax of Rs 108.10 Crore last quarter.

Investment rationale
With the post-multi-month downtrend, the stock has rebounded quickly in the recent past. The recent consolidation above the 51 levels appears to be in a mature phase. Therefore, subsistence could take the stock above 60 zones.

Promoter/Fii Holdings
The promoters held 81.36% of the company’s capital as of December 31, 2021, while the FIIs held 2.1% and the DIIs 11.41%.

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