India's Fusion Micro Finance jumps on strong business update

Fusion Finance

11/04/2023 09:35

** Shares of Fusion Micro Finance  FUSN.NS  rise as much as
2.83% to 415.40 rupees
    ** Co reports assets under management (AUM) jumps 37% YoY to
92.96 bln as on March 31, 2023
    ** Disbursement grows 39% YoY to 85.96 bln rupees during
FY2023
    ** Strong growth momentum in Q4 as well as whole fiscal to
aid asset quality and profitability, co says
    ** Trading volume is ~147,400 shares as of 1:57 p.m. IST,
0.9x the 30-day avg - Refinitiv data
    ** Average rating of four analysts close to equivalent of
'strong buy,' with median PT of 574 rupees

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