India's Ugro Capital up on RBI grant for factoring business

Ugro Capital

11/01/2024 07:22

** Shares of Ugro Capital  UGRO.NS  rise as much as 3.3% to
288.45 rupees; last up 1.7%
    ** Non-banking finance co says Reserve Bank of India granted
certificate of registration to commence its factoring business
    ** UGRO on track for second consecutive session of gains, if
trend holds
    ** More than 255,500 shares change hands as at 12.43 p.m.
IST, nearly the same as the 30-day avg 
    ** Stock gained about 78% in 2023, its best yearly gains
ever; up 5.3% so far in Jan 


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