Satin Creditcare Network gained 3.81% to Rs 339.25 at 09:21 IST on BSE after the company said that National Housing Bank has granted certificate of registration to the company's wholly owned subsidiary.
The announcement was made after market hours yesterday, 20 November 2017.Meanwhile, the S&P BSE Sensex was up 130.75 points or 0.39% at 33,484.34. The S&P BSE Small-Cap index was up 106.61 points or 0.6% at 17,853.82.
On the BSE, 6,184 shares were traded on the counter so far as against the average daily volumes of 9,547 shares in the past one quarter. The stock had hit a high of Rs 341.95 and a low of Rs 335 so far during the day. The stock had hit a record high of Rs 477.10 on 7 February 2017 and a record low of Rs 243.55 on 12 June 2017.
The small-cap company has equity capital of Rs 44.69 crore. Face value per share is Rs 10.
Satin Creditcare Network said that National Housing Bank has granted certificate of registration to the company's wholly owned subsidiary Satin Housing Finance on 14 November 2017, to commence housing finance business.
Satin Creditcare Network's net profit dropped 51.25% to Rs 12.69 crore on 14.76% rise in total income to Rs 239.73 crore in Q2 September 2017 over Q2 September 2016.
Satin Creditcare Network is one of the leading microfinance companies with a strong presence in North India.
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