CARE Ratings freezes at 20% upper circuit on heavy volumes post Q2 results

The board has approved the payment of an interim dividend of Rs 8 per equity share of the face value of Rs 10 each for the financial year 2020-21.

Shares of CARE Ratings were locked in the upper circuit limit of 20 per cent at Rs 365 on the BSE on Wednesday on the back of heavy volumes after the company reported a good set of July-September (Q2FY21) numbers.

The trading volumes on the counter jumped over 15-times with a combined 6.29 million shares, representing 21 per cent of the total equity of the rating company, changed hands on the NSE and BSE till 11:32 am. There were a combined pending buy orders for around 400,000 shares on both the exchanges, data shows.

CARE Ratings reported a nearly four-fold jump in