Capital First tanks nearly 5% as Warbug Pincus sells 20% stake

  • India Infoline News Service |
  • 17 May, 2017 |
  • 10:06 AM
Capital First, an India-based financial company's shares on Wednesday’ trading session slipped into the red by nearly 5% as Warbug Pincus sold 20 million equity shares or 20% out of their 61% stake in the company.
Capital First on the NSE hit an intraday high of Rs 751 per share and an intraday low of Rs 734 per share. The stock has delivered nearly 50% returns in a period of one year and has outperformed the BSE Mid cap and Nifty Financial Services over the same time period.
The stock on May 10, 2017, hit its 52-week high of Rs 814 per share and on November 22, 2016, it hit its 52-week low of Rs 465 per share.
Capital First Limited is an India-based financial company, which is focused on providing debt financing to micro, small and medium enterprises (MSMEs) and Indian consumers. The company's products include personal loans, business loans, loan against property, two wheeler loans, pre-owned car loan and insurance.
Stock view:
Capital First Ltd is currently trading at Rs 739.25, down by Rs 23.75 or 3.11% from its previous closing of Rs 763 on the BSE.
The scrip opened at Rs 747 and has touched a high and low of Rs 749 and Rs 725 respectively. So far 29765897(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 7433.3 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 814.8 on 10-May-2017 and a 52 week low of Rs 465.1 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 814.8 and Rs 755.1 respectively.
The promoters holding in the company stood at 61.06 % while Institutions and Non-Institutions held 14.66 % and 24.28 % respectively.
The stock is currently trading above its 50 DMA.

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