Rs 10 dividend announced: This microfinance stock is Anil Singhvi's pick of the day - Check target price and stop loss

CreditAccess Grameen Share Price target NSE, BSE: Shares of microfinancier CreditAccess Grameen surged over 3 per cent a day after the company reported a 33.9 per cent year-on-year (YoY) rise in net profit. The counter opened at Rs 1476, with a gain of Rs 52.20 from the previous close of Rs 1423.80 on the BSE, despite benchmark equity indices declining in early trade on Wednesday.

Extending its previous day's downtrend, the 30-share BSE Sensex declined 363.09 points to 73,148.76 and the NSE Nifty dropped 116.9 points to 22,185.60.

The stock surged 6.85 per cent to touch an intraday high of Rs 1521.4 on the BSE. Last seen, the counter held firmly in green and was trading at Rs 1449.

CreditAccess Grameen Share Price target NSE, BSE: Check stop loss by Anil Singhvi

Zee Business Managing Editor Anil Singhvi said investors should buy this stock as the company has reported strong Q4 results. He has given two targets for CreditAccess Grameen stocks - Rs 1,450 and Rs 1,465.

CreditAccess Grameen Stop Loss - Rs 1,388 

CreditAccess Grameen Share Price History

The shares of CreditAccess Grameen have given a solid return of 136 per cent in three years. The counter has given a positive return of 46 in one year but a negative return of 12.89 in six months. 

CreditAccess Grameen Dividend Amount

The board of directors of CreditAccess Grameen has declared a final dividend of Rs 10 per share.

CreditAccess Grameen Q4 Results

CreditAccess Grameen has reported a 34 per cent year-on-year (YoY) rise in net profit for the March quarter at Rs 397 crore. The net profit of India's largest non-banking finance company-microfinance institution was Rs 297 crore in the year-ago period.