Muthoot Capital Services rose 1.35% to Rs 892.50 at 14:44 IST on BSE after the company completed a securitization transaction of Rs 236.36 crore on 15 March 2019.
The announcement was made after market hours yesterday, 19 March 2019.Meanwhile, the S&P BSE Sensex was up 33.56 points, or 0.09% at 38,397.03
On the BSE, 1,416 shares were traded on the counter so far as against the average daily volumes of 665 shares in the past two weeks. The stock had hit a high of Rs 905.55 and a low of Rs 880 so far during the day.
Muthoot Capital Services completed a securitization transaction of Rs 236.36 crore on 15 March 2019. With this transaction, the company has so far raised total funds of Rs 749.20 crore through securitization / direct assignment transactions during the FY 2018 - 19. The entire pool is from the non - priority sector and has been taken after considering the guidelines prescribed by the Reserve Bank of India in this regard.
Muthoot Capital Services' net profit rose 48.41% to Rs 23.30 crore on 35.29% increase in net sales to Rs 142.24 crore in Q3 December 2018 over Q3 December 2017.
Muthoot Capital Services is an automobile financing company. Muthoot Capital Services offers fund and non-fund based financial services to retail, corporate and institutional customers through the wide network of branches.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app