Bharat Financial Inclusion was up 1.8% to Rs 818.60 at 11:21 IST on BSE after the company said it has completed a securitization transaction for a pool amount of Rs 223.42 crore.
The announcement was made after market hours yesterday, 29 March 2017.Meanwhile, the S&P BSE Sensex was up 86.17 points or 0.29% at 29,617.60.
On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 5.39 lakh shares in the past one quarter. The stock had hit a high of Rs 827.30 and a low of Rs 807.25 so far during the day. It had hit a 52-week high of Rs 938.75 on 29 July 2016 and a 52-week low of Rs 465.40 on 27 December 2016.
The large-cap company has equity capital of Rs 137.98 crore. Face value per share is Rs 10.
With the completion of the latest securitization transaction, the company has completed four securitization transactions aggregating to Rs 1075.86 crore in FY17. The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India's Priority Sector lending guidelines.
The pool has been rated AA (SO) by a leading rating agency, signifying a 'high degree of safety regarding timely servicing of financial obligations'. Such instruments carry very low credit risk.
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Bharat Financial Inclusion's net profit rose 79.6% to Rs 142.82 crore on 32.4% growth in total income to Rs 454.87 crore in Q3 December 2016 over Q3 December 2015.
Bharat Financial Inclusion is among the largest microfinance companies in India with presence across 18 states covering 1 lakh villages.
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