India's CreditAccess Grameen hits 7-month high on strong quarterly update

CreditAccess Grameen

10/04/2023 05:42

** Shares of CreditAccess Grameen  CRDE.NS  rise as much as
9.25% to 1,042 rupees, highest since Sept
    ** Rise comes after the non-banking financial company
projected 24% YoY growth in disbursements in March quarter, in
its business update.  urn:newsml:reuters.com:*:nFWN3692S2
    ** Trading volume is 333,859 shares as of 10:08 a.m. IST,
2.6 times the 30-day avg of 128,527 shares
    ** All 12 analysts traking CRDE maintain "buy"; median TP is
1,208 rupees - Refinitiv data 




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))