Capital First lost 3.29% to Rs 665.15 at 10:47 IST on BSE after the stock turned ex-dividend today 27 June 2017, for final dividend of Rs 2.60 per share for the year ended 31 March 2017.
Meanwhile, the S&P BSE Sensex was down 96.15 points, or 0.31% at 31,042.06. The S&P BSE Mid-Cap index was down 162.68 points, or 1.12% at 14,421.13.
On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 6.92 lakh shares in the past one quarter. The stock had hit a high of Rs 691.30 and a low of Rs 658 so far during the day. The stock had hit a 52-week high of Rs 814.80 on 10 May 2017 and a 52-week low of Rs 465.10 on 22 November 2016.
The stock had underperformed the market over the past one month till 23 June 2017, sliding 0.79% compared with the Sensex's 2.55% rise. The scrip had also underperformed the market over the past one quarter declining 4.57% as against the Sensex's 6.16% rise. The scrip had, however, outperformed the market over the past one year advancing 23.22% as against the Sensex's 15.32% rise.
The mid-cap company has equity capital of Rs 97.64 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 0.38% based on the closing price of Rs 687.80 on Friday, 23 June 2017.
Capital First said that the debenture committee constituted by the board of directors of the company at its meeting held on Friday, 23 June 2017 has approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 25 crore plus green shoe option of Rs 25 crore on private placement basis. The announcement was made after market hours on Friday, 23 June 2017.
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Capital First's consolidated net profit rose 49.1% to Rs 70.83 crore on 35.6% increase in total income to Rs 756.84 crore in Q4 March 2017 over Q4 March 2016.
Capital First is a leading financial institution in India focused on providing debt financing to micro small and medium enterprises (MSME) and Indian consumers.
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