1 week ago
Ventura Sees 148% Upside in Sammaan Capital Turnaround
Sammaan Capital is a company that lends money for housing and to developers.
Its share price has gone down recently.
It fell about 18% over three months.
Ventura Capital thinks the company may be starting to recover.
The brokerage gave the stock a Buy rating.
It set a target price of ₹377.7 for about two years from the cited market price.
The company’s lending business is expected to grow strongly by FY29E.
Its profitability and net interest income are also expected to improve.
However, the target is an estimate, and the stock could still rise or fall.
Sammaan Capital shares have fallen nearly 6% in two weeks and about 18% in three months.
Ventura Capital initiated coverage with a Buy rating and a ₹377.7 target price.
The target implies approximately 148% upside from the cited current market price of ₹152.3 over 24 months.
Sammaan Capital’s advances are projected to rise from ₹33,899 crore in FY26 to ₹89,516 crore by FY29E.
The stock closed 2.56% lower at ₹140.70 on BSE on Thursday, September 24.
- Who
- Sammaan Capital and Ventura Capital.
- What
- Ventura Capital initiated a Buy rating on Sammaan Capital, projecting nearly 148% upside.
- Where
- The shares traded on BSE.
- When
- The stock closed lower on Thursday, September 24; the target covers the next 24 months.
- Why
- Ventura expects growth in advances, borrowings, profitability, and net interest income as the company moves beyond its distressed phase.
Key facts
- Company
- Sammaan Capital Limited, a housing finance company
- Recent performance
- Down nearly 6% in two weeks and about 18% in three months
- Brokerage view
- Ventura Capital initiated a Buy rating
- Target price
- ₹377.7, with the article’s heading also referring to ₹377
- Projected upside
- Nearly 148% over 24 months from the cited ₹152.3 market price
- FY29E advances
- Projected at ₹89,516 crore, up from ₹33,899 crore in FY26
- Latest close
- ₹140.70, down 2.56% on BSE
Quotes
Ventura Capital
Brokerage company providing analysis and the valuation target for Sammaan Capital.
“We initiate coverage with a BUY rating and a price target of INR 377.7 (2.0x FY29E P/ABV), implying an upside of 148% from CMP of INR 152.3 over the next 24 months.”
livemint.com
Sources
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