India's Ugro Capital jumps after Q4 net loans rise

Ugro Capital

16/04/2024 09:31

** Shares of non-bank lender Ugro Capital  UGRO.NS  up as
much as 6% at 272.2 rupees, after Q4 business update
    ** Net loans originated during Q4 at 15.55 bln rupees
($186.2 mln), up 6.6% y-o-y; as on March, AUM more than 48%
y-o-y     
    ** UGRO on track to rise for third straight session if gains
hold
    ** Stock trading above its 50, 100-day moving averages 
    ** More than 486,700 shares trade, their most-active session
since March 13     
    ** Stock down nearly 2% YTD, after a 78.4% climb in 2023    

($1 = 83.5150 Indian rupees)

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