7 months ago
Analyst Views on Jio, HDB, Groww
Astha Jain, a senior analyst, talked about three companies.
Jio Financial has good numbers but is expensive.
HDB Financial is doing well with good returns and could go up to Rs 840.
Groww is also doing well and could reach Rs 200.
She suggests buying Groww when the price drops.
Jio Financial has strong AUM growth but is trading at high P/B multiples.
HDB Financial maintains strong return ratios with RoE of 14% and RoA of 2.5%.
HDB Financial stock could reach Rs 810 to Rs 840.
Groww shows consistent market share gains and positive stock momentum.
Groww has a potential target range of Rs 195 to Rs 200.
- Who
- Astha Jain, Senior Research Analyst at Hem Securities
- What
- Shared views on Jio Financial, HDB Financial, and Groww
- Where
- Not specified
- When
- Recent interaction with Business Today
- Why
- To provide investment insights and analysis
Key facts
- Jio Financial Services
- Trading at higher P/B multiples
- HDB Financial Services
- RoE of 14%, RoA of 2.5%
- HDB Financial Target
- Rs 810 to Rs 840
- Groww
- Consistent market share gains
- Groww Target
- Rs 195 to Rs 200
Quotes
Astha Jain
Senior Research Analyst at Hem Securities
“the company continues to look strong. Groww's consistent market share gains across both equity and derivatives segments, along with strong contributions from newly launched products. Groww remains well positioned for further upside, with a potential target range of Rs 195 to Rs 200. Based on this outlook, a 'buy-on-dips' strategy is recommended for the stock.”
businesstoday.in
“the stock is trading in line with industry peers such as Bajaj Finance Ltd and Shriram Finance Ltd. There could be upside potential in HDB Financial and the stock is well placed to move above Rs 800 level. Near-term targets are in the range of Rs 810 to Rs 840.”
businesstoday.in
Sources
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