Stable Undervalued Stock – Ceejay Fin

Ceejay Finance

👉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 :

👉QoQ :
m Operation (Net) increases 3%
ses 23%

👉YoY :
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+

Happy ValueInvesting!

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