Sep 28, 2017 04:52 PM IST | Source: Moneycontrol.com

Buy Capri Global Capital; target of Rs 127: Joindre Capital

Joindre Capital is bullish on Capri Global Capital has recommended buy rating on the stock with a target price of Rs 127 in its research report dated 07 September 2017.

Joindre Capital's research report on Capri Global Capital

Incorporated in 1997, Capri Global Capital Limited (CGCL) is one of the most widely extended Non Deposit Taking Systemically Important Non-Banking Financial Company (NBFC- ND- SI) in the country, offering versatile and simpler solutions. CGCL is a listed company on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE); and is also registered with the Reserve Bank of India (RBI).CGCL caters to the capital needs of MSMEs through its SME & Retail Lending vertical by offering them multiple products such as MSME business Loans, Working Capital Term Loans, Term Loans Against Property Rentals and Term Loans for Purchase of Property.

Outlook

Hence we believe that the CGCL stock should be purchased at the current price for a price target of around Rs127 over the next 12 to 18 months.

For all recommendations report, click here

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