Buying Opportunity in CRISIL on Better Q4FY18 Results | CORPORATE ETHOS

Buying Opportunity in CRISIL on Better Q4FY18 Results

By: | April 18, 2018
Apr 18: CRISIL Ltd (BSE:500092, NSE: CRISIL), India’s leading ratings, data, research and analytics company has reported 14% growth in net profit for Q4FY18 at Rs 82.21 cr while revenue rose 4.6% to Rs 420.59 cr .
CRISIL shares rose from a low of 1841 to 1974 before correcting to 1939 levels in BSE. RSI of 53.23 indicates bullishness while MACD has witnessed a bullish crossover signaling buying opportunity.  It is trading at a price earnings ratio (PE) of 58.34 indicating higher valuation by market.

Focus on technology helped the company win across geographies, businesses while overall margins improve don account of greater efficiencies and cost control.
Through 2017, sharp focus on tech-enabled products to serve emerging needs of clients in India and globally resulted in many new offerings and launches across businesses. The shift, backed by innovation, technology and cutting-edge analytics, has generated positive market response.

The launch of and CRISIL Credit Assessment Scores (CCAS) enabled the shift of the SME Ratings business to an end-to-end digital experience. The Global Research and Analytics (GR&A) business leveraged tech-enabled platforms SPARC (Shared Platform for Assessing Risk of Counterparties) and SMART (Simple, Modular, Analytics & Research Toolkit) to expand client base. Quantix, the cross-sector data analytics platform, delivered new clients for the India Research business.

CRISIL has also completed the acquisition of Pragmatix Services Pvt Ltd (Pragmatix). During the quarter, Pragmatixadded clients in North America and enhanced its new-generation platform Fulkrum to serve emerging opportunitiesin India and globally.