Brickworks Ratings upgrades credit ratings of Capital First

Capital First announced that the company’s credit ratings have been upgraded by Brickworks Ratings India. The rating company has upgraded the ratings of various debt instruments of the company (existing & unutilised).

Mar 07, 2017 04:03 IST India Infoline News Service

Capital First announced that the company’s credit ratings have been upgraded by Brickworks Ratings India. The rating company has upgraded the ratings of various debt instruments of the company (existing & unutilised).
 
Secured Non-Convertible Debentures and Subordinated Debt Instruments have been upgraded from BWR A+ (Outlook: Positive) to BWR AAA (Outlook: Stable).
 
Further, the Perpetual Debt Instruments (IPDI) have also been upgraded from BWR AA (Outlook: Positive) to BWR AA+ (Outlook: Stable).
 
Capital First in Monday’s trade closed at Rs 636 per share, up by Rs 0.7 per share or 0.1%.
 
The stock in a period of one year has delivered 69.96% returns, outperforming the BSE Mid-cap and Nifty Financial Services indices over the same time span.
 
Stock view:-
 
Capital First Ltd is currently trading at Rs 632.05, down by Rs 3.25 or 0.51% from its previous closing of Rs 635.3 on the BSE.
 
The scrip opened at Rs 636 and has touched a high and low of Rs 637.2 and Rs 630 respectively. So far 25810(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6188.83 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 796.25 on 28-Jul-2016 and a 52 week low of Rs 368 on 08-Mar-2016. Last one week high and low of the scrip stood at Rs 673.2 and Rs 632.3 respectively.
 
The promoters holding in the company stood at 61.09 % while Institutions and Non-Institutions held 12.29 % and 26.62 % respectively.
 
The stock is currently trading above its 200 DMA.

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