Ugro Capital zooms on setting target of three-fold growth in loan book to Rs 7,000 crore by March
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Ugro Capital is currently trading at Rs. 161.00, up by 7.80 points or 5.09% from its previous closing of Rs. 153.20 on the BSE.
The scrip opened at Rs. 151.00 and has touched a high and low of Rs. 161.45 and Rs. 151.00 respectively. So far 2995 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 17-Jan-2022 and a 52 week low of Rs. 130.90 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 169.00 and Rs. 136.30 respectively. The current market cap of the company is Rs. 1130.71 crore.
The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 9.49% and 87.63% respectively.
Ugro Capital has set a target of nearly three-fold growth in loan book to Rs 7,000 crore by March, having already reached Rs 4,375 crore of AUM in the first half. The NBFC had a loan book of Rs 1,317 crore in FY21 which more than doubled to Rs 2,970 crore in FY22 and scaled past Rs 4,375 crore in the first half of the current fiscal, driven by increased credit demand from its focus segments as well as co-lending and co-origination partnerships. It has such partnerships with 10 banks/large NBFCs.
Ugro Capital has set a target of nearly three-fold growth in loan book to Rs 7,000 crore by March, having already reached Rs 4,375 crore of AUM in the first half.
