Gold Silver Reports (GSR) – PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years – Shares of the jewellery maker extended declined for the ninth straight trading session, poised for its longest losing streak since November 2013. The stock fell as much as 14.6 percent to hit a four-year low at Rs 94.55. Trading volume was 9.7 times its 20-day average. The stock declined 78.7 percent so far this year.
Raghavan HKN, President – Outreach & Inclusive Banking, Equitas Small Finance Bank
✅ Did not have the hangover of demonetization-led provisions in this quarter
✅ New products now form 15 percent of the total portfolio
✅ Microfinance portfolio may grow 30-35 percent; the non-microfinance book is expected to grow faster
✅ Not planning new branch additions in the current financial year, so operating costs should be stable.
✅ Portfolio quality has improved
✅ Expect Gross NPA ratio at 1.8-2.0 percent in 2018-19.
