Bengaluru, June 16 -- This Small-Cap NBFC Stock, engaged in providing credit solutions, direct lending, fund management, debt placements, and technology-driven financial services to individuals and businesses across India, jumped 2.21 percent after signing an MoU with YES BANK for credit and financial services.

With a market capitalization of Rs. 4,830.59 crores, the share of Northern Arc Capital Limited has reached an intraday high of Rs. 301.20 per equity share, rising nearly 2.21 percent from its previous day's close price of Rs. 294.70. Since then, the stock has retreated and is currently trading at Rs. 298.90 per equity share.

Reason Behind the Surge

Northern Arc Capital Limited (NACL) and YES BANK have entered into a strategic pa...