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Satin Creditcare spurts 17.4% in seven days

Capital Market 

Satin Creditcare Network rose 3.33% to Rs 334 at 15:12 on BSE, with the stock extending recent strong rally.

Meanwhile, the S&P Sensex was up 230.39 points or 0.72% at 32,035.21. The S&P Small-Cap index rose 65.85 points or 0.41% at 15,962.86.

On the BSE, 57,000 shares were traded on the counter so far as against the average daily volumes of 31,094 shares in the past one quarter. The stock had hit a high of Rs 336 and a low of Rs 321.90 so far during the day. The stock had hit a record high of Rs 716.70 on 28 July 2016 and a record low of Rs 243.55 on 12 June 2017.

The stock had outperformed the market over the past one month till 12 July 2017, advancing 27.72% compared with the Sensex's 2.28% rise. The stock had, however, underperformed the market over the past one quarter, declining 5.39% as against the Sensex's 7.29% rise. The scrip had also underperformed the market over the past one year, sliding 34.71% as against the Sensex's 14.37% rise.

The small-cap company has equity capital of Rs 39.11 crore. Face value per share is Rs 10.

Shares of Satin Creditcare Network have jumped 17.48% in seven trading sessions to its current market price, from its close of Rs 284.30 on 4 July 2017.

On consolidated basis, Satin Creditcare Network reported net loss of Rs 43.11 crore in Q4 March 2017 as against net profit of Rs 24.93 crore in Q4 March 2016. Total income declined 78.1% to Rs 175.22 crore in Q4 March 2017 over Q4 March 2016.

Satin Creditcare Network is one of the leading microfinance companies with a strong presence in North India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 15:13 IST