India's Ugro Capital extends gains on Q3 AUM, loan growth

Ugro Capital

12/01/2024 04:45

** Shares of Ugro Capital  UGRO.NS  up ~2.5%, reaching
highest levels since early-November
    ** Non-banking finance co says Q3 assets under management
(AUM) rose over 60% Y/Y; net loan origination up over 33%
    ** UGRO rose ~3% on Thursday after Reserve Bank of India's
grant for its factoring business
    ** Stock on track for a third session of rise, if gains hold
    ** About 196,000 shares change hands, more than half the
30-day avg
    ** UGRO surged ~78% in 2023


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))