NBFC stock jumps 10% on block deals at premium

SYNOPSIS: Ugro Capital jumped nearly 10 percent after over 10 lakh shares were traded in premium block deals, driving volumes to 22 times the 30-day average, though the buyers and sellers remain undisclosed.

During Tuesday’s trading session, shares of a technology-focused (data-centric & technology-enabled approach) small business lending platform surged nearly 10 percent on the stock exchanges. What triggered this significant jump? Let’s explore the details in this article.

With a market cap of Rs. 2,163.4 crores, shares of Ugro Capital Limited closed in the green at Rs. 185.2 on BSE, up by around 7 percent, as against its previous closing price of Rs. 172.9.

The stock has delivered negative returns of more than 16 percent in one year

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