You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Satin Creditcare drops on profit booking

Capital Market 

Satin Creditcare Network lost 3.81% to Rs 321 at 10:44 on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P Sensex was down 94.84 points or 0.3% at 31,942.54. The S&P Small-Cap index fell 78.40 points or 0.49% at 15,885.17.

On the BSE, 7,586 shares were traded on the counter so far as against the average daily volumes of 31,180 shares in the past one quarter. The stock had hit a high of Rs 330.10 and a low of Rs 321 so far during the day. The stock had hit a record high of Rs 716.70 on 28 July 2016 and a record low of Rs 243.55 on 12 June 2017.

The stock had outperformed the market over the past one month till 13 July 2017, advancing 13.7% compared with the Sensex's 3% rise. The stock had, however, underperformed the market over the past one quarter, declining 3.42% as against the Sensex's 8.74% rise. The scrip had also underperformed the market over the past one year, sliding 30.12% as against the Sensex's 15.18% rise.

The small-cap company has equity capital of Rs 39.77 crore. Face value per share is Rs 10.

Shares of Satin Creditcare Network had jumped 17.37% in the preceding seven trading sessions to settle at Rs 333.70 yesterday, 13 July 2017, from its close of Rs 284.30 on 4 July 2017.

On consolidated basis, Satin Creditcare Network reported net loss of Rs 43.11 crore in Q4 March 2017 as against net profit of Rs 24.93 crore in Q4 March 2016. Total income declined 78.1% to Rs 175.22 crore in Q4 March 2017 over Q4 March 2016.

Satin Creditcare Network is one of the leading microfinance companies with a strong presence in North India.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 10:44 IST