CreditAccess Grameen hit an upper circuit of 5% at Rs 441.25, extending recent gains on strong buying support.
Shares of CreditAccess Grameen jumped 28.10% in the past seven trading sessions to trade at Rs 441.25 from a recent closing low of Rs 344.45 on 15 April 2020.
The scrip hit an upper circuit limit for the sixth consecutive session today, 23 April 2020. The stock has risen 44.31% from its 52-week low of Rs 305.75 hit on 7 April 2020.
The microfinance firm's standalone net profit rose 8.3% to Rs 107.99 crore on a 29.3% surge in total income to Rs 453.56 crore in Q3 December 2019 over Q3 December 2018.
CreditAccess Grameen is engaged in microfinance sector. Its services are focused towards the rural poor and low-income households particularly women.
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