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CreditAccess Grameen Posts the Widest Gap Below VWAP in Four-Stock Scan

Atul had the steepest daily decline, falling 7.06%, while all four stocks in the ETMarkets-reported screen closed more than 2% below session VWAP.

Updated 2 min read
An employee walks past the National Stock Exchange complex in Mumbai, India, in late-afternoon haze. (AI-generated image / EconoTimes)
An employee walks past the National Stock Exchange complex in Mumbai, India, in late-afternoon haze. (AI-generated image / EconoTimes)

CreditAccess Grameen shares closed 2.56% below their session average on Oct. 23, the widest gap among four NSE-listed stocks in a StockEdge scan reported by ETMarkets.

National Stock Exchange of India (NSE) end-of-day data put CreditAccess Grameen’s close at ₹1,027.40 and its volume-weighted average price (VWAP) at ₹1,054.39. The close was also down 5.61% from the previous close. The four-stock screen included Sagility, Zensar Technologies and Atul, ETMarkets reported.

Sagility finished at ₹44.18, 2.52% below its ₹45.32 VWAP, after falling 2.67% from the previous close. Zensar Technologies ended at ₹493.70, 2.06% below its ₹504.08 VWAP, and fell 1.50% on the day. Atul closed at ₹5,576, 2.01% below its ₹5,690.34 VWAP; its 7.06% daily decline was the steepest among the four.

CreditAccess Grameen released its second-quarter FY27 results on Oct. 22. It reported profit after tax of ₹501.6 crore, up 298.7% from a year earlier, and assets under management of ₹30,946 crore, a 19.5% year-over-year increase. The company also raised its FY27 return on assets guidance to 5.2%-5.8% and return on equity guidance to 21%-24%. The release did not attribute the next day’s share-price decline to those results.

VWAP weights each traded price by the volume traded at that price. Comparing a close with VWAP shows how the final price related to that session’s volume-weighted average; it does not establish why the stock moved. StockEdge says its scan outputs rely on third-party data and advises users to verify them.

EconoTimes previously covered a similar Oct. 21 VWAP screen, which identified Sobha as the stock with the widest gap above its session average.

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