India's CreditAccess jumps on borrower additions in January-February

CreditAccess Grameen

06/03/2025 07:00

** Shares of CreditAccess Grameen CRDE.NS surge as much as 9.7% to 1,009.85 rupees; last up 8.5%

** Microfinance firm said it added 150,000 new borrowers in January and February; it had added 152,000 new customers in the October-December quarter

** CRDE said its business momentum and stabilizing asset quality improved due to healthy loan portfolio across geographies

** Stock rated "Buy" on avg, median PT at 1,067 rupees - LSEG data

** CRDE among top five gainers on Nifty 500 index .NIFTY500, which is up 0.6%

** Year-to-date, CRDE up 3.8%, NIFTY500 down ~9%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))