Equitas Small Finance Bank jump over 7% post Q4 results. Should you Buy, sell or hold?

Equitas Small Finance Bank reported a 58% YoY rise in net profit for Q1 at INR 190 crore ($25.5m) and a total income of INR 1,394.41 crore. Following the announcement, shares in the bank surged 7.5% to reach INR 78.35 on Monday. The Board of Directors also recommended a dividend of Re 1 per equity share. Analysts have advised buying Equitas’ stock, with YES Securities predicting 25% loan CAGR and 33% earnings CAGR over FY23-25 and expecting RoE to surpass 16% in FY25.