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Thursday, October 8, 2015
SATIN CREDITCARE NETWORK (SATIN) :- VALUE BUY
Today we are looking in to micro finance stock for long term portfolio,
Satin Creditcare Network(SATIN)
Satin Creditcare Network Limited (SCNL) was formed in 1990 as a Non-Banking Finance Company (NBFC) with the simple concept of providing individual loans to urban shopkeepers for tiny businesses. Since then the company has expanded and evolved into one of the leading
microfinance institutions in India
with its current geography in North as well as Central India. SCNL provides loans to both urban poor and rural poor to meet their productive requirements in starting new business or for growing an existing business.
The company's’ microfinance operation is based on both Joint Liability Group(JLG) model as well Self Help Group model (SHG). At present, SCNL has its strong presence and serves its clients throughout Bihar, Chandigarh, Delhi, Haryana, Jammu , Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh and Uttrakhand .
Stock recently listed in NSE ONLY , now trading @300 level, long term investor can buy this stock for multiple return. ( stock trading very low volume so buy small lots )