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BUSINESS

CreditAccess Grameen Surges 40% in 3 Months

Shares of CreditAccess Grameen hit a 52-week high of Rs 878 as they surged 15 per cent on the BSE in Friday’s intra-day trade, in an otherwise range-bound market, on expectations of healthy earnings. The stock of the microfinance institution surpassed its previous high of Rs 832 touched on March 14, 2022.

In the morning trade, it traded 6 per cent higher at Rs 853 on the BSE. In comparison, the S&P BSE Sensex was down 0.08 per cent at 57,548 level.

In the past week, the stock has outperformed the market by surging 15 per cent as compared to 1 per cent decline in benchmark index. Over the past three months, it has rallied 40 per cent as against 1 per cent rise in the Sensex.

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