CreditAccess Grameen Limited jumped tremendously and reached its 52-week high.

23 October Multibagger stock:

Today, Monday, October 23, shares of CreditAccess Grameen Limited rose by more than 12%.

Shares of CreditAccess Grameen Limited hit its new 52-week high of Rs 1,560.

Its volume also registered an increase of more than 5.12 times due to which investors' attention fell on this stock.

Let us tell you that the company has recently announced its excellent Q2FY24 results.

During this period, the revenue of CreditAccess Grameen Limited increased by 54% to Rs 1,247 crore.

Let us tell you that in the same quarter of the last financial year, the revenue of CreditAccess was Rs 809 crore.

Profit of CreditAccess Grameen Limited Operating Profit: Rs 904 crore (+76%) Net Profit: Rs 349 crore (+99%)

CreditAccess Grameen Limited focuses on providing micro-loans mainly to women customers in rural areas.

CreditAccess is a leading microfinance company in the country headquartered in Bengaluru.

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