UGRO Capital climbs on launching GRO X App
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Ugro Capital is currently trading at Rs. 155.75, up by 6.40 points or 4.29% from its previous closing of Rs. 149.35 on the BSE.
The scrip opened at Rs. 150.50 and has touched a high and low of Rs. 156.85 and Rs. 150.50 respectively. So far 3521 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.50 on 19-Sep-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. 156.85 and Rs. 144.00 respectively. The current market cap of the company is Rs. 1098.96 crore.
The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 8.98% and 88.13% respectively.
UGRO Capital has launched GRO X App, a credit line on UPI for MSMEs. It will enable small business owners, retailers, traders, professionals, and small manufacturers across India to obtain collateral-free instant credit for immediate working capital requirements and to manage their financial liquidity. The company has recently unveiled its first brand campaign to demonstrate its technological prowess, superior underwriting, and instant loan solutions for last-mile MSMEs.
Over 63 million MSMEs in India employ more than 110 million people and account for nearly 30% of the country's GDP. However, a lack of timely credit prevents them from realising their potential. U GRO Capital's newly launched GRO X App aims to address this small business credit need by utilizing data analytics and technology to provide flexible and affordable credit to MSMEs.
UGRO Capital is engaged in providing financial services.
