New Delhi, July 23 -- CreditAccess Grameen, a microfinance institution, surged 7.10% in Wednesday's intraday trade on July 23, hitting an 11-month high of Rs.1,370 apiece, as its June quarter results met expectations and upbeat management commentary further lifted investor sentiment.

Management indicated a broad-based improvement in PAR accretion across all key geographies, including Karnataka, reflecting enhanced on-ground execution and borrower discipline. The company highlighted that credit costs are expected to remain at similar levels in 2QFY26 due to accelerated write-offs, with a sharp decline anticipated from 3Q onward.

It remains focused on balance sheet normalization, with conservative provisioning and continued portfolio clea...