Capital First rose 0.82% to Rs 823 at 12:00 IST on BSE after the company said that it has raised Rs 80 crore by issuing non-convertible debentures on private placement basis.
The announcement was made after market hours yesterday, 18 September 2017.Meanwhile, the S&P BSE Sensex was down 25.67 points, or 0.08% at 32,398.09. The S&P BSE Mid-Cap index was up 48.52 points, or 0.3% at 16,138.46.
On the BSE, 42,925 shares were traded on the counter so far as against the average daily volumes of 62,500 shares in the past one quarter. The stock had hit a high of Rs 824.90 and a low of Rs 813.90 so far during the day. The stock had hit a 52-week high of Rs 839 on 13 September 2017. The stock had hit a 52-week low of Rs 465.10 on 22 November 2016.
The stock had outperformed the market over the past one month till 18 September 2017, gaining 11.81% compared with the Sensex's 2.85% rise. The scrip had also outperformed the market over the past one quarter, rising 13.1% as against the Sensex's 4.4% rise. The scrip had also outperformed the market over the past one year, rising 18.12% as against the Sensex's 13.37% rise.
The mid-cap company has equity capital of Rs 97.78 crore. Face value per share is Rs 10.
Capital First said that the debenture committee constituted by the board of directors of the company vide resolution passed by circulation yesterday, 18 September 2017, had approved the allotment of 800 rated, listed, unsecured, redeemable, non-convertible perpetual securities in the nature of debentures having face value of Rs 10 lakh each.
On a consolidated basis, Capital First's net profit rose 36.2% to Rs 66.96 crore on 32% rise in total income to Rs 820.45 crore in Q1 June 2017 over Q1 June 2016.
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Capital First is a financial institution focused on providing debt financing to micro small and medium enterprises (MSME) and Indian consumers.
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