{"id":117160,"date":"2024-01-11T13:54:49","date_gmt":"2024-01-11T08:24:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117160"},"modified":"2024-01-11T15:44:01","modified_gmt":"2024-01-11T10:14:01","slug":"small-cap-stock-jumps-3-3-after-rbi-grants-a-certificate-of-registration","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-3-3-after-rbi-grants-a-certificate-of-registration\/","title":{"rendered":"Small cap stock jumps 3.3% after RBI grants a Certificate of Registration"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2032976039\"><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>On Thursday, the share price of the company rose by 3.3 percent to its intraday high of Rs 288.15 crores from its previous close of Rs 279.15 after the RBI granted a Certificate of Registration (CoR) to the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1074501779\"><!-- 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>In the filling of Ugro Capital Ltd, an NBFC registered with the RBI, the company has obtained a license to conduct factoring business in India. This license is consistent with the Company&#8217;s goal of meeting the credit needs of Indian SMEs.&nbsp;<\/p><p>It provides access to other business opportunities, like investigating alternative factoring routes and pursuing Trade Receivables electronic Discounting System (TReDS) platform empanelment. TReDS platform allows the Company to leverage its expertise and reach in the MSME sector.&nbsp;<\/p><p>Net revenue increased by 64 percent year on year, from Rs 149 crore in Q2FY23 to Rs 245 crore in Q2FY24, according to the company&#8217;s financials. Their revenue rose by 15 percent sequentially from Rs 213 crore in Q1FY24 to the current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3839924063\"><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>In addition, the company&#8217;s net profit increased by 480 percent year on year, from Rs 5 crores in Q2FY23 to Rs 29 crores in Q2FY24. Their profit decreased by 16 percent on a quarterly basis from Rs 25 crore in Q1FY24 to the current levels.&nbsp;<\/p><p>When compared to its competitors, the company has a low price-to-earnings ratio of 31, and its return on equity, return on capital employed, and net profit margin have all increased.&nbsp;<\/p><p>Ugro Capital Ltd is a small-cap company with a market capitalization of Rs 2,600 Crores, the share price has risen by 25 percent in the last six months and 77 percent in the last year.&nbsp;<\/p><p>The promoter owns 2 percent of the company, the general public has 73 percent, foreign institutional investors have 19 percent, and domestic institutional investors have 6 percent.&nbsp;<\/p><p>UGRO Capital Limited is a small-business lending platform that focuses on technology. By offering customized loan solutions, the company aims to meet the capital needs of small businesses in eight industries.&nbsp;<\/p><p><strong>Written by Sriram KV<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1335673510\"><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><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-after-content\" id=\"trade-1509155878\"><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>On Thursday, the share price of the company rose by 3.3 percent to its intraday high of Rs 288.15 crores from its previous close of Rs 279.15 after the RBI granted a Certificate of Registration (CoR) to the company.&nbsp; In the filling of Ugro Capital Ltd, an NBFC registered with the RBI, the company has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2380,"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-117160","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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