Bengaluru, Sept. 19 -- A leading NBFC stock surged to its upper circuit limit after the company announced a strategic move into the microfinance sector. Investor sentiment turned sharply positive as the merger highlighted the company's expansion plans, backed by Vector Finance's strong regional presence and growing AUM base.

Dhruva Capital Services Ltd, with a market capitalization of Rs. 68.68 crore, opened the session at Rs. 169.15 against a previous close of Rs. 161.10. The stock hit its upper circuit limit at Rs. 169.15, reflecting investor optimism following the merger announcement.

What's the News?

The company announced a strategic merger with Vector Finance Private Limited, marking its foray into the microfinance business. Dhruv...