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.
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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.
