India, April 7 -- Shares of a leading microfinance institution climbed sharply after the company released its Q4 business update, drawing renewed attention to its disbursement volumes and loan portfolio expansion. The quarterly numbers, which showed double-digit growth across most operating metrics, lifted sentiment in an NBFC-microfinance space that has faced selective pressure over asset quality in recent quarters.
With a market capitalization of Rs. 19,978.05 crore, the shares of CreditAccess Grameen were trading at Rs. 1,247.10 per share, up 5.63 percent from its previous closing price of Rs. 1,180.60 apiece. It is trading at a P/E of 38.97.
Disbursements for the quarter came in at Rs. 7,171 crore, a 28 percent increase over the yea...
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