India's Ugro Capital gains after large investor Ashish Kacholia buys stake

Ugro Capital

18/07/2023 07:33

** Shares of Ugro Capital  UGRO.NS  rise as much as 7.86% to
236.75 rupees
    ** Uptick after large domestic investor Suryavanshi
Commotrade Pvt, co-owned by large investor Ashish Kacholia,
bought 1.56% stake (1.4 mln shares) in company, per shareholding
data on NSE
    ** NBFC's stock most active in over a month with trading
volume of 851,986 shares as of 11:42 a.m. IST, nearly thrice the
30-day avg - Refinitiv data
    ** UGRO up 53% in 2023 vs 7% rise in Nifty financial
services index  .NIFTYFIN   

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