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Wednesday, July 27, 2016
ARMAN FINANCIAL SERVICES LTD :- ANOTHER SATIN CREDITCARE IN FUTURE ?
ARMAN FINANCIAL SERVICES LTD
In recent year micro finance sector is favourite sector for FII and HNI investors, I have recommended SATIN @ 300 level now stock near to 700 !!!. Now today we are looking into one more stock in this sector for portfolio investments.
Arman Financial Services Limited (ASFL) ‘A’ Non-Banking Finance Company – Asset Finance Company (NBFC-AFC)
with rural and semi-rural financing at the center of its business model,
Arman provides affordable financing with simple, no-hassle loan
products. AFSL and its sister concerns offer two major financial
services: Two-wheeler and three-wheeler finance and Group-Based Microfinance, offered by Namra Finance Ltd – a wholly-owned subsidiary of AFSL. Namra Finance is a RBI Registered NBFC-Microfinance Institution (MFI).
By enabling affordable personal mobility via two-wheeler and three-wheeler financing,
Arman promises a better life to the middle-class and emerging
middle-class, and helps families move up the economic ladder. By
offering small ticket income generating loans to bottom of pyramid
customers, it offers poor house-hold to increase their income and
drastically enhance their livelihood.
With over a decade of lending experience in Western India serving areas
and clients where it is not possible for the banks to provide financial
services under the current market scenario. This distinctive
characteristic of the last mile credit delivery system separates Arman
from a bank and/or other NBFCs.
Arman financial posted 42 cr top line and 8 cr bottom line in 2015-16 financial year, all micro finance company's posted stellar set of results in June 2016 quarter, expecting this company is also posting good set of results. Arman is growing around 30 % in annual basis and HNI are searching new stocks for this sector is more benefit for this stock. Almost all micro finance stocks are doubled in last one month, this stock is just moved 35 %, so investor can buy this stock @ current price and hold for long term this stock may cross 4 digit mark in future!!!. Stock trading both NSE and BSE @ 295 level.