Capri Global Capital gains 200% in last 3 months1 min read . Updated: 26 Sep 2016, 12:27 PM IST
The shares of Capri Global Capital hit a high of Rs344.90 on the BSE, a level last seen on 26 November 2011, and gained as much as 19.5%
Mumbai: Shares of non-banking finance company Capri Global Capital Ltd has gained over 200% in last three months on the back of higher volumes, and hit a five-year high in intraday trade on Monday.
In intraday trade, the stock hit a high of ₹ 344.90 on the BSE, a level last seen on 26 November 2011, and gained as much as 19.5%. Since 19 August, it has gained 110% and so far this year it has gained 87%.
The stock hit a low of ₹ 114.49 on 20 June and since then it has gained 201.25%.
The company said in a notice to the BSE that its board will meet on 28 October to consider the issue of non-convertible debentures on private placement basis and sub-division of equity shares.
In the June quarter, the company reported a consolidated net profit of ₹ 162.02 crore, down 29.64% from ₹ 230.29 crore a year ago. Total income rose 8.5% to ₹ 490.95 crore.
Capri Global Capital is focused on the priority sector in the small and medium enterprise lending space, and provides loans for purchase of machinery and equipment and working capital. In wholesale lending, it offers specialized solutions to Indian companies to grow their businesses with initial funding and mezzanine financing.