Capri Global Capital zooms over 50% in three trading sessions

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
Capri Global Capital (CGCL) has soared 19% to Rs 343, extending its past two days rally of over 25% on the BSE, after the company announced that the board will consider stock split and fund raising plans.

The stock of non-banking financial company (NBFC) is trading at its 52-week high, zooming 55% in the past three trading sessions from Rs 222 on September 21, as compared to 0.15% rise in the S&P BSE Sensex.

The company said that a meeting of the board of directors of the company is scheduled to be held on October 08, 2016, to consider issue of non-convertible debentures on private placement basis; and sub-division of equity shares of the company of face value of Rs 10 each.

CGC) operates mainly in the business segment of fund based financing activity. The company is focused on the priority sector in the SME leading business providing loans for small businesses, purchase of machinery and equipment, working capital, and for corporate and real estate sector.

In October last year, CGCL’s wholly owned subsidiary, Capri Global Housing Finance Private Limited, had received National Housing Bank's approval for launching home financing services in India.

At 10:37 am, the stock was up 16% at Rs 333 on the BSE against 0.5% decline in the benchmark index. The trading volumes on the counter jumped more than five-fold with a combined 417,441 shares changed hands on the BSE and NSE so far.

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