Muthoot Capital Services surged 11.06% to Rs 405.15 at 11:45 IST on BSE after the company said its board will meet on 18 April 2017, to consider issue of shares by way of bonus shares.
The announcement was made during market hours today, 12 April 2017.
Meanwhile, the S&P BSE Sensex was down 179.66 points, or 0.6% at 29,608.69. The S&P BSE Small-cap index was down 107.08 points, 0.72% at 14,817.79.
On the BSE, 1.85 lakh shares were traded on the counter so far as against the average daily volumes of 3,890 shares in the past one quarter. The stock had hit a high of Rs 429 so far during the day, which is also its record high. The stock had hit a low of Rs 348 so far during the day.
The stock had hit a 52-week low of Rs 150 on 11 April 2016. The stock had outperformed the market over the past one month till 11 April 2017, advancing 35.31% compared with the Sensex's 2.91% rise. The scrip had also outperformed the market over the past one quarter advancing 60.95% as against the Sensex's 9.76% rise.
The small-cap company has equity capital of Rs 12.47 crore. Face value per share is Rs 10.
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Muthoot Capital Services said that a meeting of the board of directors of the company is scheduled to be held on 18 April 2017, to consider issue of shares by way of bonus shares.
Muthoot Capital Services' net profit rose 6.3% to Rs 6.44 crore on 20.9% increase in total income of Rs 70.06 crore in Q3 December 2016 over Q3 December 2015.
Muthoot Capital Services is a deposit taking non-banking financial company (NBFC). The company is engaged in financing for purchase of automobiles, including two wheelers, against hypothecation of the respective vehicles, and granting of personal/business loans against demand promissory notes.
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