Will the latest fundraising help this midcap microfinance lender find its mojo back?

Some analysts are bullish on the stock given the accelerated provisioning and improving business outlook.

Synopsis

The return of its loan disbursement growth to pre-COVID levels and last week’s fund-raising are likely to improve the company’s performance in the coming quarters.

ET Intelligence Group: The stock of microfinance lender CreditAccess Grameen has lost 15 per cent over the past three months. A major concern among investors is its third quarter net loss following higher provisioning towards expected credit loss (ECL). However, this has helped the company cover the potential risk with respect to its proforma bad loans. Its loan disbursement growth is back to pre-COVID levels. This together with last week’s

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