Bharat Financial Inclusion lost 2.79% to Rs 809 at 12:39 IST on BSE after the company said that its President S Dilli Raj is on leave for two months due to personal reasons.
The announcement was made after market hours yesterday, 9 August 2016.Meanwhile, the S&P BSE Sensex was down 213.78 points or 0.76% at 27,871.38.
On BSE, so far 1.61 lakh shares were traded in the counter as against average daily volume of 2.22 lakh shares in the past one quarter. The stock hit a high of Rs 841.45 and a low of Rs 798.80 so far during the day. The stock had hit a 52-week low of Rs 369.45 on 18 September 2015. The stock had hit a 52-week high of Rs 938.75 on 29 July 2016. The stock had outperformed the market over the past one month till 9 August 2016, surging 10.59% compared with 3.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 39.25% as against Sensex's 9.33% rise.
The large-cap company has equity capital of Rs 127.59 crore. Face value per share is Rs 10.
During the absence of Bharat Financial Inclusion's (BFIL) President S Dilli Raj, M. R. Rao, Managing Director & CEO of BFIL will additionally oversee his functions.
It may be recalled that BFIL, formerly known as SKS Microfinance had last week announced that its President S Dilli Raj was arrested by the Enforcement Directorate (ED) in connection to a complaint filed by IDBI Bank against First Leasing Company of India. S Dilli Raj previously worked in First Leasing Company of India.
Separately, BFIL after market hours yesterday, 9 August 2016 announced that it has issued commercial papers of an aggregate amount of Rs 50 crore which has been rated 'A1+' by a leading rating agency. The aggregate amount of commercial papers outstanding as on date was Rs 325 crore.
Bharat Financial Inclusion's net profit surged 285.7% to Rs 235.91 crore on 46.5% increase in total income to Rs 414.12 crore in Q1 June 2016 over Q1 June 2015.
Bharat Financial Inclusion is among the largest microfinance companies in India.
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