Equitas Holdings - A weekly Pic.

CMP             :        Rs 58.35 (13.07.2020)

Target          :        Rs 65.00

Period          :        1 Week

SL               :        Below Rs 56.

About Equitas Holdings Ltd.

 

Equitas Holdings Ltd., incorporated in the year 2007, is a banking company (having a market cap of Rs 1994.34 Crore).

Equitas Holdings Limited (‘the Company’) is a Non-Deposit Taking Systemically Important - Core Investment Company – (CIS-ND-SI) registered with The Reserve Bank of India. The activity of the company is to making investment in subsidiary companies and providing loans to them. It has no other operations.

The company has the following Wholly Owned Subsidiaries:

• Equitas Small Finance Bank Limited, licensed under Section 22 of the Banking Regulations Act, 1949 to carry on the business of Small Finance Bank.
• Equitas Technologies Private Limited (ETPL), a Company registered under the Companies Act, 2013 engaged in the business of freight aggregation.

Equitas Small Finance Bank Limited(ESFBL)

Equitas Small Finance Bank Limited is a Small Finance Bank (SFB), licensed by Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank. The Bank commenced the business of SFB on September 5, 2016. It is the first Private Sector Bank from Tamil Nadu to commence operations post Indian Independence.

ESFBL, with pan India operations, is focused on providing financing solutions for individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all.

True to its tag line - “It’s Fun Banking”, the bank offers customized savings products with a focus towards giving children, youth, families and entrepreneurs across India, a new and a fun way to bank.

Equitas Technologies Private Limited (ETPL)

Equitas Technologies Private Limited is engaged in freight facilitation business under the brand name of ‘Wow truck’. The Company provides a common platform for transporters and customers to connect 'online' and carry out transactions on real-time basis.

 

Equitas Holdings Ltd., incorporated in the year 2007, is a banking company (having a market cap of Rs 1994.34 Crore).

Equitas Holdings Ltd. key Products/Revenue Segments include Interest which contributed Rs 13.89 Crore to Sales Value (67.24 % of Total Sales) and Rental Income which contributed Rs 2.15 Crore to Sales Value (10.42 % of Total Sales)for the year ending 31-Mar-2019.

Technical Trends:

• Stock has given inverted head and shoulder breakout on daily chart which is strong reversal pattern by nature.

• Strong volume activity is witnessed at the time of breakout and on follow through as well.

• Also prices moved out of an ichimoku cloud which is again trend reversal sign.

Recommendations: Buy for short term gains of a week.

Note: The analysis is based on the information received from the company fundamentals and its technical trends. Investing in securities always depending upon the market conditions and risk. 

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