Emerald Finance moves higher on launching `EMERALD EWA` app
Emerald Finance is currently trading at Rs 77.99, up by 1.49 points or 1.95 % from its previous closing of Rs 76.50 on the BSE.
The scrip opened at Rs 77.99 and has touched a high and low of Rs 77.99 and Rs 77.99 respectively. So far 1431 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs 10 has touched a 52-week high of Rs 167.65 on 17-Jan-2025 and a 52-week low of Rs 58.00 on 19-Sep-2024.
Last one week high and low of the scrip stood at Rs 78.09 and Rs 75.00 respectively. The current market cap of the company is Rs 264.23 crore.
The promoters holding in the company stood at 59.50%, while Institutions and Non-Institutions held 5.96% and 34.54% respectively.
Emerald Finance has launched its employee-centric mobile application, ‘EMERALD EWA’, now available on the Google Play Store. Exclusively accessible to employees of companies registered with Emerald, the EMERALD EWA app represents a major step forward in digitizing and streamlining access to earned salaries. The launch reinforces Emerald’s commitment to empowering the modern workforce with responsible, tech-enabled financial solutions that address short-term liquidity needs-instantly and securely.
The app is powered by Emerald’s proprietary, API-driven platform that integrates seamlessly with employer payroll systems and time-tracking software. This real-time integration enables employees to access up to 40% of their earned salary-at any time during the pay cycle-through a fully automated system. The repayment is deducted directly from their salary on payday, ensuring zero delinquencies and nil NPAs since inception.
As a Non-Banking Financial Company (NBFC), Emerald Finance is involved in providing financial services with a paramount focus on small and medium enterprises (SMEs) in corporate and non-corporate sector.
