Future Capital rises on finance firm buy

DALAL STREET SPIKES

Shares of Future Capital Holdings (FCH) jumped 10.7 per cent to Rs 208.25 after the company acquired 100 per cent stake in Black Diamond Finance, a non-banking financial services firm, registered with the RBI. FCH made the announcement on Friday post market hours.

No information about the financials of the acquired company or the deal size is available. The stock opened flat at Rs 188.90 (low of the day) and went on to hit Rs 213.75 during the day. The counter witnessed trading volumes of 2.26 lakh shares (more than six times its two-week average). The scrip is up by 55.6 per cent in the last one month.