I don’t believe increase in risk based weights would have any direct impact on UGRO, as they operate in business lending (that too in priority sector) whereas the increased weight is specific to consumer credit business.
There could be second order effect but those would be hard to gauge depending on who their customers are and if they face any slowdown in growth due to new rules. UGRO seems to have a well diversified portfolio across sectors, so I am thinking once the dust settles down and people are able to understand that the change impact NBFCs with lending in consumer credit and not all NBFCs (like UGRO) the stock could recover from the recent lows post the news.
Disclosure: Invested and not registered. Please do your own due diligence as well.
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