Hot Stocks: Brokerages on Mahindra CIE, Equitas Small Finance Bank and Gujarat Fluorochemicals?
Equirus Small Finance Bank maintained its long recommendation on Equitas Small Finance Bank with a target price of Rs 80 which translates into an upside of 48% from Rs 54 recorded on December 26. Vasudevan's decision to continue the Equitas franchise is a positive development for the bank, said the brokerage. The brokerage firm values the stock at 1.8x (earlier 1.6x) on Sep'24 ABV (adjusted book value).