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UGROCAP Ugro Capital News Story

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FinancialsAdventurousSmall CapValue Trap

India's Ugro Capital jumps on block deals at premium

** Shares of Ugro Capital UGRO.NS rise 10% to 189.70 rupees, their highest level since October 8

** More than 1 mln shares change hands in two block deals at 181.84 and 182.47 rupees per share, both at a premium to last close price of 172.59 rupees - LSEG data

** Stock set for best day since 19 July, 2023

** Co to also consider raising funds via debentures on November 19

** More than 5.4 mln shares change hands by 2:40 p.m. IST, 22 times their 30-day avg

** Stock down 24% YTD

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))

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