Centrum Capital spurts after bulk deal

Centrum Capital rose 4.93% to Rs 30.85 at 14:47 IST on BSE, after a bulk deal of 14.48 lakh shares was executed on the scrip at Rs 29.30 per share at 10:04 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 151.23 points, or 0.57%, to 26,877.78

Bulk deal boosted volume on the scrip. On the BSE, 31.12 lakh shares were traded on the counter so far as against the average daily volumes of 6.27 lakh shares in the past one quarter. The stock hit a high of Rs 36.60 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 28.10 so far during the day. The stock hit a 52-week low of Rs 9.75 on 5 April 2016.

The stock had outperformed the market over the past 30 days till 9 January 2017, rising 8.6% compared with Sensex's 0.08% fall. The scrip had also outperformed the market in past one quarter, gaining 6.72% as against Sensex's 4.83% decline.

The small-cap financial services firm has an equity capital of Rs 41.60 crore. Face value per share is Re 1.

Centrum Capital's net profit rose 34% to Rs 3.35 crore on 31.54% growth in total income to Rs 25.36 crore in Q2 September 2016 over Q2 September 2015.

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.

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