Business Standard

CreditAccess Grameen surges 40% in 3 months on improved asset quality

The stock hit a 52-week high of Rs 878 after it rallied 15 per cent on the BSE in Friday's intra-day trade

Grameen
Premium

The monthly disbursements also rose to Rs 1,188 crore in August from Rs 1,107 crore in July and Rs 308 crore in June

SI Reporter Mumbai
Shares of CreditAccess Grameen hit a 52-week high of Rs 878 as they surged 15 per cent on the BSE in Friday's intra-day trade, in an otherwise range-bound market, on expectations of healthy earnings. The stock of the microfinance institution surpassed its previous high of Rs 832 touched on March 14, 2022.

At 09:50 AM, it traded 6 per cent higher at Rs 853 on the BSE. In comparison, the S&P BSE Sensex was down 0.08 per cent at 57,548 level.

In the past one week, the stock has outperformed the market by surging 15 per cent as

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 25 2022 | 10:07 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com