India's CreditAccess Grameen jumps to 11-month high on upbeat business update

CreditAccess Grameen

04/07/2025 08:11

** Shares of CreditAccess Grameen Ltd CRDE.NS jumps 6.6% to 1,323 rupees, their highest since August 2024

** Microfinance lender says it recorded its highest-ever disbursements in Q1

** Stock top gainer on Nifty Smallcap 100 .NIFSMCP100 index which is down slightly on the day

** Adds, its asset quality, or portfolio at risk (PAR) has improved across all states it operates in

** CRDE's had reported an 88% slump in Q4 profit on deteriorating asset quality

** Over 5.7 million shares traded, 10.6x the 30-day avg volume

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** Stock up nearly 50% this year, compared to smallcap index's 1% rise

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))