The company is a non-deposit NBFC, engaged in funding majorly to the MSMEs and providing financial services. It caters to the capital needs of MSMEs through its SME and retail lending. Going forward, for deeper penetration into rural India, the company is expected to build branch network in MSME hubs and distribution network. Further, it would enhance its retail lending to home buyers owing to government’s 'Housing for All - Mission 2022'. The company has also launched an asset management company (AMC) in strategic alliance with Capri Investment Group. Financially, the company has reported robust revenue and PAT growth of 24% and 33%, respectively, in FY17.
The stock price had moved in a price band of Rs 38-82 from October 2016 up to September 2017. The stock moved in the price band of Rs 44. The stock witnessed breakout from this price in the second week of September 2017 and it entered into a strong uptrend. As a result of which, the stock moved up swiftly to register a high of Rs 142 within three weeks of the breakout. However, the stock failed to sustain at higher levels and it retraced back to 50% of the recent up move. At present, the stock is moving sideways, which is a usual occurrence after a swift up move, and after time-wise correction, the stock is likely to move up further.