{"id":115424,"date":"2023-12-12T14:31:08","date_gmt":"2023-12-12T09:01:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115424"},"modified":"2023-12-12T15:18:32","modified_gmt":"2023-12-12T09:48:32","slug":"nbfc-stock-in-green-after-it-receives-license-to-set-up-an-insurance-business","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-in-green-after-it-receives-license-to-set-up-an-insurance-business\/","title":{"rendered":"NBFC stock in green after it receives license to set up an Insurance Business\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4139980153\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this Small-cap NBFC with a presence across different segments like MSME, Construction Finance, Affordable Housing, and Indirect Retail Lending jumped 3 percent after it received license to set up a new insurance business.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4291064174\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:28 p.m. the shares of Capri Global Capital Limited were trading at Rs. 767.40, up 0.45 percent from its previous day\u2019s close price of Rs. 764 and its market capitalization is Rs. 15,817 Crores.&nbsp;<\/p><p>Capri Global Capital Limited has received a Corporate Agency license from the Insurance Regulatory and Development Authority of India for setting up an Insurance business.&nbsp;<\/p><p>The Insurance business is expected to generate a net Insurance Income of ~Rs. 20 Crore in FY 2024-25 and there will be an expected approximate increase in variable cost in the range of Rs. 2-3 Crore on an annual basis.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-457296122\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Capri Global Capital Limited is a Non-Banking Financial Company (NBFC) with a diversified product portfolio providing, MSME Loans, housing finance, gold loans, construction finance, indirect lending, and distribution of loans by tying up with banks like HDFC Bank, Union Bank of India, Yes Bank and many more. As of September 2023, it has 917 branches in 14 States &amp; UTs across North and West India with over 10,150 employees.&nbsp;<\/p><p>As of Q2FY24, it has an AUM of Rs. 12,358 Crores and as of H1FY24, it has made disbursals of Rs. 6,213.9 Crores. It has set a target to achieve an AUM of Rs. 300 Billion by FY27E.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 7.51 percent and a return on capital employed (ROCE) of 8.99 percent, it is making decent returns on its equity and capital employed.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 49.27 percent from Rs. 980.31 Crores in FY22 to Rs. 1,463.35 Crores in FY23, accompanied by profits of Rs. 205.04 Crores to Rs. 204.65 Crores.&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2822567990\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2201090496\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this Small-cap NBFC with a presence across different segments like MSME, Construction Finance, Affordable Housing, and Indirect Retail Lending jumped 3 percent after it received license to set up a new insurance business.&nbsp; At 1:28 p.m. the shares of Capri Global Capital Limited were trading at Rs. 767.40, up 0.45 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-115424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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