Muthoot Capital Services gains ahead of board meeting

Muthoot Capital Services rose 1.30% to Rs 405.10 at 11:55 IST on BSE ahead of the company's board meeting today, 18 April 2017, to consider issuing bonus shares to shareholders.

Meanwhile, the S&P BSE Sensex was up 226.58 points, or 0.77% to 29,640.24.

On the BSE, 14,000 shares were traded in the counter so far, compared with average daily volumes of 8,022 shares in the past one quarter. The stock had hit a high of Rs 410 and a low of Rs 402.60 so far during the day. The stock hit a record high of Rs 429 on 12 April 2017. The stock hit a 52-week low of Rs 154 on 18 April 2016.

The stock had outperformed the market over the past one month till 17 April 2017, rising 49.22% compared with 0.79% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 45.47% as against Sensex's 8% rise.

The small-cap company has equity capital of Rs 12.47 crore. Face value per share is Rs 10.

Muthoot Capital Services announced on 12 April 2017 that its board will meet on 18 April 2017, to consider issue of shares by way of bonus shares.

Shares of Muthoot Capital Services surged 9.59% to Rs settle at Rs 399.80 on 12 April 2017. The stock has risen 11.05% in three trading sessions from its close of Rs 364.80 on 11 April 2017.

Muthoot Capital Services' net profit rose 6.3% to Rs 6.44 crore on 20.9% increase in operating income of Rs 70.06 crore in Q3 December 2016 over Q3 December 2015.

Muthoot Capital Services is a non-banking financial company (NBFC). Its portfolio includes commercial and consumer finance products like vehicle loans, gold loans, loans against property, bonds, deposits, investment products and advisory services among others. Apart from these, the company also disburses loans against property, shares, gold ETF's, SME loans, mortgage loans, leasing & hire purchase loans and bill discounting.

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