Gold Silver Reports (GSR) – Gruh Finance Gains After Announces Bonus Shares – Shares of the lender rose as much as 6.5 percent after its fourth quarter net income beat analyst forecast. The company announced the issue of one bonus share for each held. The stock was the second-best performer on the S&P BSE 500 Index. Trading volume was 1.4 times its 3-month full-day average.
Gruh Finance
📌 Experienced higher payment ratio in Q4
📌 Will try to maintain cost-to-income ratio around 15 percent
📌 Do not see strong demand enthusiasm
📌 Challenges on recoveries to continue
📌 Target 20-25 percent loan growth in FY18, more likely to see 18% growth