SG Finserve Q2 Results: Profit Increases 106% YoY to Rs58.5 Crore, Loan Book Jumps 98% to Rs5,694 Crore
India, Oct. 16 -- Often, when a factory sends goods to a dealer or a vendor sends goods to a big corporation, the payment is not made for weeks or months. That gap has always pinched small and mid-sized suppliers that need cash to buy raw material and pay wages. Supply chain finance is there to close it and the lenders that do it well can grow fast while keeping risk low because the money is tied to real trade with known buyers.
The Nifty 50 traded at 23.088.85, up 0.40%, while the Sensex rose 0.34 to 74,571.19 on Friday. Meanwhile, Shares of SG Finserve were trading at Rs. 654.00, down 5.80% from previous close of Rs. 694.25. The stock opened at Rs. 699.65 and reached an intraday high of Rs. 712.00 and low of Rs. 610.00. The company c...
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