Sensex Today | Stock Market LIVE Updates: BROKERAGE RADAR | GOLDMAN SACHS ON CREDITACCESS GRAMEEN



• Initiate at Buy with a target price of Rs 1,788/share, and an implied upside of 25%

• Riding the up-cycle well; diversification to improve visibility

• Forecast a healthy 21% PAT CAGR over FY24-FY26E on strong lending CAGR of 24%

• Stock currently trades at 2.7x P/B and 12x P/E FY25E which is at a discount of ~27% to NBFCs within our coverage on P/E