India's Satin Creditcare up after loans disbursed rises 30% in FY24

Satin Creditcare Network

03/04/2024 07:41

** Shares of Satin Creditcare Network  SATR.NS  up 4.4% to
at 240.55 rupees
    ** Non-banking financial co says loan disbursement up 30%
Y/Y in FY24, assets under management grew 34% Y/Y as of March
31, 2024      
    ** If gains hold, stock on track to rise for third straight
session; it gained 9.6% in last two sessions
    ** SATR shares, which fell below 200-day moving average in
March after trading above the level for most of FY24, rebounded
to rise above that level in previous session
    ** SATR down 1.3% YTD, after a 53.2% climb in 2023  

($1 = 83.4160 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))