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Muthoot Capital Services hits record high

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Capital Market
Last Updated : Jun 02 2017 | 3:13 PM IST

Muthoot Capital Services jumped 6.92% to Rs 486 at 14:52 IST on BSE after the company said it has fixed 13 June 2017 as record date for issue of bonus shares.

The announcement was made during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 116.14 points, or 0.37% at 31,253.73. The S&P BSE Small-Cap index was up 83.49 points, or 0.55% at 15,317.73.

On the BSE, 3,463 shares were traded on the counter so far as against the average daily volumes of 11,917 shares in the past one quarter. The stock had hit a high of Rs 486 so far during the day, which is also its record high. The stock had hit a low of Rs 454 so far during the day. The stock had hit a 52-week low of Rs 170.65 on 13 June 2016.

The stock had outperformed the market over the past one month till 1 June 2017, advancing 8.55% compared with the Sensex's 4.08% rise. The scrip had also outperformed the market over the past one quarter advancing 68.6% as against the Sensex's 7.43% rise. The scrip had also outperformed the market over the past one year advancing 149.89% as against the Sensex's 16.56% 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 announced that the company has fixed Tuesday, 13 June 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio 1:10 i.e. one bonus share for every ten held.

Muthoot Capital Services' net profit rose 61.9% to Rs 11.12 crore on 25.8% increase in total income to Rs 79.80 crore in Q4 March 2017 over Q4 March 2016.

Muthoot Capital Services is a non-banking financial company (NBFC). Its portfolio includes commercial and consumer finance products like vehicle loans, gold loans, loans against property, bonds, deposits, investment products and advisory services among others. Apart from these, the company also disburses loans against property, shares, gold ETF's, SME loans, mortgage loans, leasing & hire purchase loans and bill discounting.

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First Published: Jun 02 2017 | 2:53 PM IST

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