Latest news with #CreditAccessGrameenLtd
Business Standard
23-07-2025
- Business
- Business Standard
Volumes soar at Lodha Developers Ltd counter
Lodha Developers Ltd recorded volume of 164.92 lakh shares by 14:14 IST on NSE, a 23.57 times surge over two-week average daily volume of 7.00 lakh shares CreditAccess Grameen Ltd, Elgi Equipments Ltd, Sapphire Foods India Ltd, Godrej Agrovet Ltd are among the other stocks to see a surge in volumes on NSE today, 23 July 2025. Lodha Developers Ltd recorded volume of 164.92 lakh shares by 14:14 IST on NSE, a 23.57 times surge over two-week average daily volume of 7.00 lakh shares. The stock lost 7.16% to Rs.1,339.00. Volumes stood at 3.71 lakh shares in the last session. CreditAccess Grameen Ltd recorded volume of 49.52 lakh shares by 14:14 IST on NSE, a 14.78 times surge over two-week average daily volume of 3.35 lakh shares. The stock gained 4.10% to Rs.1,332.20. Volumes stood at 1.64 lakh shares in the last session. Elgi Equipments Ltd clocked volume of 54.68 lakh shares by 14:14 IST on NSE, a 8.76 times surge over two-week average daily volume of 6.24 lakh shares. The stock gained 7.08% to Rs.593.45. Volumes stood at 2.1 lakh shares in the last session. Sapphire Foods India Ltd notched up volume of 56.48 lakh shares by 14:14 IST on NSE, a 8.04 fold spurt over two-week average daily volume of 7.02 lakh shares. The stock slipped 1.33% to Rs.330.90. Volumes stood at 1.41 lakh shares in the last session. Godrej Agrovet Ltd saw volume of 15.84 lakh shares by 14:14 IST on NSE, a 7.7 fold spurt over two-week average daily volume of 2.06 lakh shares. The stock increased 4.11% to Rs.843.65. Volumes stood at 2.18 lakh shares in the last session.
Mint
23-07-2025
- Business
- Mint
Stock market today: 47 stocks hit 52-week lows, 148 stocks at 52-week high as Nifty 50, Sensex end in green
Stock market today: On Wednesday, 161 stocks hit their 52-week high, including Anand Rathi Wealth Ltd, CreditAccess Grameen Ltd, Fortis Healthcare Ltd, HDFC Bank Ltd, ICICI Bank Ltd, JM Financial Ltd, Krishna Institute of Medical Sciences Ltd, L&T Finance Ltd, Mahindra & Mahindra Ltd, One 97 Communications Ltd, The Ramco Cements Ltd, Schneider Electric Infrastructure Ltd, and Vishal Mega Mart Ltd. In contrast, 52 stocks touched 52-week lows, with notable mentions like Colgate Palmolive (India) Ltd, Tejas Networks Ltd, Spicejet Ltd, ArisInfra Solutions Ltd, Bharat Global Developers Ltd, Smartworks Coworking Spaces Ltd, Raw Edge Industrial Solutions Ltd, and Sukhjit Starch & Chemicals Ltd. Today, the Indian stock market finished slightly lower, with the Nifty 50 index closing at 25,060, which represents a drop of 29 points or about 0.12% from the previous closing figure of 25,090.7. Experts indicate that the downturn was mainly caused by selling pressure in significant sectors such as IT, automobiles, PSU banks, pharmaceuticals, and real estate, all of which concluded the day with declines ranging from 0.5% to 1%. Vaibhav Vidwani, a Research Analyst at Bonanza, mentioned that in the near future, the market is expected to experience ongoing volatility due to global influences, updates on corporate earnings, and domestic institutional investments. Investors should brace for a consolidative period around the 25,000, Nifty 50 level, with selective stock picking in sectors demonstrating strong fundamentals and relative strength likely to perform better as the market searches for new drivers for a sustained increase. Vinod Nair, the Head of Research at Geojit Investments, believes that the Indian equity market has shown resilience even though the start of Q1FY26 earnings was mixed. Positive global developments, fueled by optimism regarding the U.S.-Japan trade agreement, have bolstered market sentiment. Furthermore, progress in finalising the India-UK FTA has added to the favorable outlook. Ongoing advancements in global trade discussions are anticipated to reduce short-term trade tensions and promote enhanced market stability.
Business Standard
23-07-2025
- Business
- Business Standard
Bombay Dyeing & Manufacturing Company Ltd leads gainers in 'A' group
KIOCL Ltd, CreditAccess Grameen Ltd, Elgi Equipments Ltd and Paradeep Phosphates Ltd are among the other gainers in the BSE's 'A' group today, 23 July 2025. KIOCL Ltd, CreditAccess Grameen Ltd, Elgi Equipments Ltd and Paradeep Phosphates Ltd are among the other gainers in the BSE's 'A' group today, 23 July 2025. Bombay Dyeing & Manufacturing Company Ltd surged 12.87% to Rs 186.4 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 32.28 lakh shares were traded on the counter so far as against the average daily volumes of 96980 shares in the past one month. KIOCL Ltd soared 9.82% to Rs 341.7. The stock was the second biggest gainer in 'A' group. On the BSE, 3.67 lakh shares were traded on the counter so far as against the average daily volumes of 12905 shares in the past one month. CreditAccess Grameen Ltd spiked 6.11% to Rs 1358.4. The stock was the third biggest gainer in 'A' group. On the BSE, 1.44 lakh shares were traded on the counter so far as against the average daily volumes of 45903 shares in the past one month. Elgi Equipments Ltd exploded 5.61% to Rs 584.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.3 lakh shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one month. Paradeep Phosphates Ltd rose 4.32% to Rs 197.95. The stock was the fifth biggest gainer in 'A' group. On the BSE, 24.16 lakh shares were traded on the counter so far as against the average daily volumes of 5.62 lakh shares in the past one month.
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Business Standard
22-07-2025
- Business
- Business Standard
MFI CreditAccess Grameen Q1 net profit down 85% on higher provisions
Microfinance lender CreditAccess Grameen Ltd reported an 85 per cent year-on-year (YoY) decline in net profit to Rs 60.2 crore for the quarter ended June 2025 (Q1 FY26), owing to a contraction in net interest income and higher provisioning. However, sequentially, the net profit rose by 27.5 per cent from Rs 47.2 crore for the quarter ended March 2025 (Q4 FY25). Its stock closed 1.03 per cent higher at Rs 1,280.20 per share on the BSE. In a filing with the exchanges, the company said its net interest income (NII) declined 1.6 per cent to Rs 937 crore in Q1 FY26. Sequentially, NII grew by 7 per cent from Rs 876.1 crore in Q4 FY25. Its net interest margin (NIM) dropped to 12.8 per cent in Q1 FY26 from 13.0 per cent in Q1 FY25. However, it improved slightly from 12.7 per cent in Q4 FY25. Bengaluru-based microfinance lender's total write-off stood at Rs 692.5 crore in Q1 FY26, including Rs 603.2 crore in accelerated write-offs, resulting in an additional credit cost of Rs 192.8 crore. Gross non-performing assets (NPAs) rose sharply to 4.70 per cent as of June 2025, up from 1.46 per cent a year ago. However, they declined from 4.76 per cent at the end of March 2025. The microfinance lender's gross loan portfolio declined by 0.9 per cent YoY to Rs 26,055 crore as of June 2025. Sequentially, it rose from Rs 25,948 crore as of March 2025. The outlook for FY26 remains encouraging, with favourable monsoon forecasts and strengthening rural sentiment, laying the groundwork for sectoral revival, said Ganesh Narayanan, Chief Executive Officer of CreditAccess Grameen.
Business Insider
05-07-2025
- Business
- Business Insider
CreditAccess Grameen Ltd. (CREDITACC) Receives a Sell from Goldman Sachs
Goldman Sachs analyst maintained a Sell rating on CreditAccess Grameen Ltd. yesterday and set a price target of INR800.00. The company's shares closed yesterday at INR1,290.50. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for CreditAccess Grameen Ltd. with a INR835.00 average price target.
