Nomura Maintains Buy on CreditAccess Grameen, Cuts Target Price
Nomura maintained its Buy rating on CreditAccess Grameen and cut its target price to Rs 1,700 from Rs 1,830, citing asset-quality concerns amid drought conditions in a key state.
Nomura has maintained its 'Buy' rating on CreditAccess Grameen but cut its target price to Rs 1,700 from Rs 1,830, citing concerns over asset quality amid drought conditions in a key state. The brokerage sees healthy upside at current levels but expects credit costs to remain elevated in FY27 and F…