Ugro Capital shines on aiming to double loan book to Rs 7,000 crore in FY23
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Ugro Capital is currently trading at Rs. 158.50, up by 1.90 points or 1.21% from its previous closing of Rs. 156.60 on the BSE.
The scrip opened at Rs. 157.95 and has touched a high and low of Rs. 159.35 and Rs. 156.95 respectively. So far 2746 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. 105.00 on 10-Aug-2021.
Last one week high and low of the scrip stood at Rs. 162.80 and Rs. 141.10 respectively. The current market cap of the company is Rs. 1118.37 crore.
The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 9.79% and 87.34% respectively.
Ugro Capital is aiming to double its loan book to around Rs 7,000 crore by the end of this fiscal (FY23) as it expands co-lending tie-ups. At present, the company has a loan book of Rs 3,650 crore, growing from Rs 1,375 crore a year ago on the back of a record disbursal of Rs 1,359 crore in the first quarter of FY22.
The company has entered into co-lending pacts with State Bank of India, Bank of Baroda, IDBI Bank, Central Bank of India, Indian Overseas Bank, Punjab & Sind Bank as well as with a few private sector lenders, small finance banks and non-banking lenders.
Ugro Capital is engaged in providing financial services.
