Equitas Bank - buy on dips

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Equitas SFB Q3 FY 23 results

NP surged 57.4% to Rs 170.13 crore on 17.5% rise in total income to Rs 1,216 crore in Q3 FY23.

PrBT climbed 56.7% year on year to Rs 229 cr in the quarter ended 31 Dec 2022.

Net Interest Income grew 20% to Rs 647 cr Vs Rs 541 crore PY

Pre Provisioning Operating Profit (PPoP) was at Rs 279 crore in Q3 FY23, rising 24% from Rs 225 cr

NPA was at Rs 861 cr against Rs 863.82 crore as on 31 Dec 2021.

Returns

6 months - 61%
1 month - 41%
1 week - 11%

Investors can wait for correction and buy on dips.

Hold for long term as the outlook is extremely bullish technically.