Business Standard

Centrum Capital rises on buying from ICICI Prudential MF

Image

Capital Market

Centrum Capital advanced 3.57% to Rs 60.90 at 12:47 IST on BSE after ICICI Prudential Mutual Fund bought 21 lakh shares of the company at Rs 51 per share in a bulk deal on the BSE yesterday, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 107.96 points or 0.34% at 31,689.88. The S&P BSE Small-Cap index fell 157.89 points or 1.01% at 15,476.61.

On the BSE, 38.52 lakh shares were traded on the counter so far as against the average daily volumes of 17.75 lakh shares in the past one quarter. The stock had hit a high of Rs 61.95 and a low of Rs 58.80 so far during the day. The stock had hit a record high of Rs 62.70 on 9 August 2017 and a 52-week low of Rs 20.10 on 25 August 2016.

 

The stock had outperformed the market over the past one month till 9 August 2017, advancing 22.76% compared with the Sensex's 1.39% rise. The stock had also outperformed the market over the past one quarter, gaining 18.55% as against the Sensex's 6.23% rise. The scrip had also outperformed the market over the past one year, advancing 155.65% as against the Sensex's 13.22% rise.

The small-cap company has equity capital of Rs 41.60 crore. Face value per share is Rs 1.

Centrum Capital's net profit jumped 1113.1% to Rs 30.45 crore on 382.3% growth in total income to Rs 99.17 crore in Q4 March 2017 over Q4 March 2016.

Centrum Capital is a Sebi registered category I merchant banker. It has expertise across equity & debt spectrum with capabilities in equity capital markets, M&A advisory, corporate finance & advisory, primary & secondary debt placement, project finance and corporate debt restructuring. Its retail arm provides integrated solutions for private wealth management, portfolio management, stock broking and foreign exchange.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 10 2017 | 12:47 PM IST

Explore News