👉Company is into Financing business for 2 wheelers & 3 wheelers.
👉It basically operates in Rural Gujarat
👉It Posted Outstanding Numbers for
2nd Quarter FY 18 👉Great set of numbers by Ceejay Finance Ltd :
m Operation (Net) increases 3%
peration (Net) increases 20%
👉Half Year ended comparision :
peration (Net) increases 25%
%( Half year FY 2018EPS is 8.47)
👉ICRA Ratings +BB (Stable) on bank facilities.
👉Capital Adequacy Ratio: 55.48%(FY 2017) as against RBI guidelines of 15%,Which is excellent.
👉Numbers are simply superb.
Numbers of Q3 & Q4 to be much better.
👉We expect Ceejay Finance likely to report FY 18 EPS of 16-19 Rs per share, even PE of 20 should take stock price to 350+ .
👉One Can Accumulate at 155/145/135/125
👉For a Target of 170/200+
Long Term Target – 350+