Satin Creditcare Network surged 14.78% to Rs 433 at 12:11 IST on BSE after Morgan Stanley Asia (Singapore) Pte bought 8.30 lakh shares of the company at Rs 375 per share via bulk deals on the NSE yesterday, 9 June 2016.
Meanwhile, the S&P BSE Sensex was up 130.96 points or 0.49% at 26,894.42.
On BSE, so far 1.51 lakh shares were traded in the counter as against average daily volume of 3,071 shares in the past one quarter. The stock hit a high of Rs 449 and a low of Rs 382.35 so far during the day. The stock had hit a record high of Rs 489.70 on 9 December 2015. The stock had hit a record low of Rs 264 on 29 February 2016. The stock had outperformed the market over the past one month till 9 June 2016, surging 17.89% compared with Sensex's 4.18% rise. The scrip had also outperformed the market in past one quarter, advancing 23.2% as against Sensex's 7.94% rise.
The small-cap company has equity capital of Rs 29.08 crore. Face value per share is Rs 10.
Rajsonia Consultancy Services sold 1.54 lakh shares of Satin Creditcare Network at Rs 377.05 per share on the NSE yesterday, 9 June 2016. Shorecap II sold 10 lakh shares at Rs 376.25 per share.
Satin Creditcare Network's net profit rose 56.4% to Rs 16.34 crore on 72.2% growth in total income to Rs 173.06 crore in Q4 March 2016 over Q4 March 2015.
Also Read
Satin Creditcare Network is one of the leading microfinance companies in India.
Powered by Capital Market - Live News