CreditAccess Grameen Limited experienced a 2.5 percent increase in its shares, reaching Rs 1,717 in morning trade on January 20, following the company’s release of positive third-quarter figures.
The microfinance firm reported an impressive 64 percent surge in net profit, totaling Rs 353 crore, in contrast to the Rs 215.8 crore posted during the same period last year.
As of 10:06 am, the shares continued to trade higher, marking a 1.90 percent increase at ₹1,679.95. The market response reflects investor optimism in response to CreditAccess Grameen’s robust Q3 performance.
