News for CreditAccess Grameen Ltd. (CREDITACC.BO)

CreditAccess Grameen Ltd. shares soared after the company released its interim business update. As of February 2025, the gross loan portfolio grew 2.4% against December last year. The Karnataka portfolio grew 1% versus December 2024. Over 1.5 lakh new borrowers were added during January 2025 and February 2025.

CreditAccess Grameen shares climbed 15.13 per cent to Rs 997. Five-Star Business Finance  advanced 6.97 per cent to Rs 763. L&T Finance Ltd shares were up 4.09 per cent at Rs 138.85.

The BSE Smallcap index was down 2,126.35 points or 4.24 per cent at 47,981.16. CreditAccess Grameen Ltd (CREDAG) shares plunged 18 per cent, as the microfinance institution (MFI) reported its first-ever quarterly losses.

CreditAccess Grameen stock price today: The scrip fell 17.92 per cent to Rs 750.05 apiece on BSE. Nomura India has downgraded CREDAG to a non-consensus 'Reduce', citing pressure on asset quality and growth.

Net Interest Income: INR 862 crore, a 7.4% year-on-year growth.Portfolio Yield: 20.2%.Interest Rate: 10.4%.Average Cost of Borrowing: 9.8% over the last six qu

Jan 24, 2025 / 01:00PM GMTOperator Ladies and gentlemen, good day, and welcome to the Q3 FY25 results conference call of CreditAccess Grameen hosted by HDFC Sec

As the earnings season proceeds in full swing, as many as 80 companies are scheduled to declare their financial results for the quarter that ended Dec. 31, 2024, on Friday, Jan. 24. IndiGo operator InterGlobe Aviation, JSW Steel, DLF, Godrej Consumer Products and Supriya Lifescience are some of the major companies that will declare their Q3 results today. Check out the list of 80 companies announcing their October-December quarter results today.

HSBC prefers HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Bajaj Finance Ltd and Shriram Finance Ltd in the current environment.

CreditAccess Grameen Ltd. has raised 25 million euros from German Investment Corporation, DEG and Rs 170 crore from Citi via co-financing facility. This new collaborative agreement, Citi acted as the lead arranger and coordinator, the microfinance institution announced on Friday.

Kalyan Jewellers India Ltd., Creditaccess Grameen Ltd., Allied Blenders & Distillers Ltd. and Ambuja Cements Ltd. will be the key stocks on brokerages' radar on Friday. Goldman Sachs gave a double downgrade to Creditaccess Grameen and cut target to Rs 564 per share, implying a 42% downside from the previous close.

CLSA cuts CreditAccess Grameen to hold, slashes target

Investors eagerly await Reliance Industries' Q3 earnings today, following positive Q3 results from IT heavyweights Infosys, TCS, and HCL Tech. Apart from Reliance Industries, several companies will be releasing their Q3 results today, including Hindustan Unilever, RBL Bank, and Ultratech Cement.