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India's CreditAccess jumps on borrower additions in January-February

ReutersMar 6, 2025 7:00 AM

Shares of CreditAccess Grameen CRDE.NS surge as much as 9.7% to 1,009.85 rupees; last up 8.5%

Microfinance firm said it added 150,000 new borrowers in January and February; it had added 152,000 new customers in the October-December quarter

CRDE said its business momentum and stabilizing asset quality improved due to healthy loan portfolio across geographies

Stock rated "Buy" on avg, median PT at 1,067 rupees - LSEG data

CRDE among top five gainers on Nifty 500 index .NIFTY500, which is up 0.6%

Year-to-date, CRDE up 3.8%, NIFTY500 down ~9%

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