India's Capri Global up on plans to develop insurance platform

Capri Global Capital

16/01/2024 04:07

** Shares of Capri Global Capital  CAPG.NS  rise ~16% to
939.95 rupees 
    ** Non-banking financial company plans to develop an
insurance platform to maximise the corporate agency licence
received from Insurance Regulatory And Development Authority Of
India (IRDAI)
    ** CAPG up ~24% since Dec. 12 when it said it got licence
from IRDAI to set up insurance business 
    ** Trading volume 1.5x the 30-day moving avg
    ** Stock set for best month since Sept. 2019
    ** Stock rose ~8% in 2023, its eight consecutive year of
gains
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))