Moneyview shares are up 58% from IPO price, jump 4% today after BofA coverage - what it said, check price target

Moneyview shares gain on BofA call

Moneyview shares rose about 4% on Wednesday after Bank of America Securities began coverage of the digital lending platform with a Neutral rating. The brokerage set a price objective of ₹65 per share against a reference price of ₹54.95, pointing to roughly 18% potential upside. The stock opened at ₹52.29 on the BSE, touched an intraday high of ₹53.70 and a low of ₹51.55.

The scrip has climbed around 58% from its IPO price of ₹34, far outpacing the Nifty, which gained about 9.5% over the same period. It listed on 1 October at ₹55 and later hit a post-listing high of ₹65.50 before retracing. Technically, analysts see a possible move back towards ₹65.50, with ₹45.80 as near-term support.

Why the rating matters for lenders

BofA views Moneyview as one of India's largest digital-only lending platforms, serving mainly young salaried borrowers in Tier-2 and smaller cities. It operates a hybrid model: about 75% of business runs through its platform, earning origination and servicing fees from partner lenders, with a capped share of credit losses under default loss guarantee arrangements. The remaining 25% sits on its own NBFC book, generating interest income but carrying full credit risk.

The brokerage sees this structure balancing growth with capital efficiency, and expects profit after tax to grow at a 62% CAGR between FY26 and FY29, with return on equity improving from 19% to 28%. At the reference price, the stock trades near 2 times estimated FY28 price-to-book and 8.4 times estimated FY28 earnings. Peer Kissht trades at 1.6 times book and 9 times earnings, though BofA does not cover it.

Risks flagged and what to watch

BofA said the sharp rally has made the risk-reward more balanced. It flagged concentration in a single product, dependence on lending partners and regulatory arrangements, and the relatively short track record of the NBFC book. It also noted the sector has consolidated over four to five years, with Moneyview, Kissh…