Mumbai (Read News): Shares of Emerald Finance gained over 2% on Tuesday after the company announced a partnership with Yuvraaj hygiene products to extend its Early-Wage-Access program to employees.

The stock opened at ₹80.96 on the BSE and touched an intraday high of ₹80.96 and a low of ₹77.32. It was last trading at ₹80.38, up 2.38% from its previous close of ₹78.51. So far, 8,242 shares have changed hands.

Emerald Finance, a BSE group ‘X’ stock with a face value of ₹10, currently commands a market cap of ₹277.64 crore. The scrip has a 52-week high of ₹167.65 (17 Jan 2025) and a 52-week low of ₹68.39 (04 Oct 2024). In the past week, it has traded between ₹87.00 and ₹77.32.

Promoter holding in the company stands at 59.50%while institutions and non-institutions account for 5.96% and 34.54% respectively.

Partnership details

Through its tie-up with Yuvraaj Hygiene Products, Emerald Finance will offer an Early-Wage-Access solution that allows employees to withdraw a portion of their salaries at any time during the month. The initiative is part of the company’s broader plan to expand its retail financial offerings. The program functions as a salary advance loan, with repayments collected directly through salary deductions.

Emerald Finance primarily provides financial services to small and medium enterprises (SMEs) in both corporate and non-corporate sectors.

Bhupendra singh chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur kiranhis insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.