Shares of this NBFC stock under the ‘small-cap’ category gained up to 6.60 percent in Friday’s trading session after the company posted financial results for the quarter ended September 2023. In the past six months, the company’s stock has gained nearly 80 percent.
With a market capitalization of Rs 2,829.99 crores, the stocks of Ugro Capital Limited started their trading session on Friday at Rs 305 and currently trade at Rs 305.95.
The scrip witnessed an intra-day high of Rs 313.20 indicating a gain of approximately 6.60 percent as compared to the previous close of Rs 293.80 apiece.
Such bullish sentiments around the company’s stock were observed after the company posted robust financial results for the quarter ending September 2023.
Having a glance at the sequential financials of the company, the prime indicators, viz, operating revenues as well as after-tax profits have increased with the former increasing from Rs 213 crores during Q1FY23-24 to Rs 245 crores during Q1FY23-24, and, the latter, keeping the timeframe the same, moving up from Rs 25 crores to Rs 29 crores.
In addition to the above, the YoY financials of the company also showcase positive movements with the operating revenues increasing from Rs 149 crores during Q2FY22-23 to Rs 245 crores during Q2FY23-24, and, the after-tax profits, during the same period, taking a drastic shift from Rs 5 crores to Rs 29 crores representing an increase of around 480 percent.
Year-to-date, the company’s stock has just entered the ‘multibagger’ category providing returns of approximately 102 percent, i.e., if someone had invested Rs 1 lakh into the stock at the start of this calendar year, it would have converted to Rs 2.02 lakhs.
The latest shareholding pattern data portrays the company’s Promoters holding just a 2.24 percent stake, and the Foreign Institutional Investors (FIIs) holding a 19.20 percent stake in the company.
Ugro Capital Limited is involved in the business of lending, mainly dealing in financing small and medium enterprise (SME) clients with a focus on education, chemicals, healthcare, FMCG, auto components, and many more.
Written by Amit Madnani
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