Hot Pursuit     06-Jul-17
Satin Creditcare advances on fund raising plan
Satin Creditcare Network rose 3.25% to Rs 303.65 at 14:21 IST on BSE after the company scheduled a board meeting on 8 July 2017 to consider further issuance of securities on private placement basis, to persons belonging to non promoter category.
The announcement was made after market hours yesterday, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 185.01 points or 0.59% at 31,430.57. The S&P BSE Small-Cap index rose 101.68 points or 0.65% at 15,842.28.

On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 29,203 shares in the past one quarter. The stock had hit a high of Rs 306.90 and a low of Rs 295 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 5 July 2017, rising 3.48% compared with 0.18% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 16.7% as against Sensex's 4.40% rise. The scrip also underperformed the market in past one year, declining 41.7% as against Sensex's 15.01% rise.

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

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.

Previous News
  Satin Creditcare receives Rs 14.77 crore under Assam Microfinance Incentive and Relief Scheme
 ( Hot Pursuit - 25-Sep-23   14:24 )
  Satin Creditcare board to mull fund raising on Jan 8
 ( Hot Pursuit - 04-Jan-24   08:27 )
  Satin Creditcare board to mull NCD issue on Sep 20
 ( Hot Pursuit - 18-Sep-24   08:54 )
  Satin Creditcare Network schedules EGM
 ( Corporate News - 30-Oct-23   15:23 )
  Board of Satin Creditcare Network to consider fund raising via NCD issuance
 ( Corporate News - 15-Nov-23   18:08 )
  Satin Creditcare Network to conduct AGM
 ( Corporate News - 12-Jul-22   18:44 )
  Satin Creditcare Network consolidated net profit rises 19.81% in the June 2024 quarter
 ( Results - Announcements 01-Aug-24   15:20 )
  Satin Creditcare Network consolidated net profit rises 50.18% in the December 2018 quarter
 ( Results - Announcements 05-Feb-19   15:27 )
  Satin Creditcare Network to hold board meeting
 ( Corporate News - 16-Nov-23   10:33 )
  Satin Creditcare spurts after PAT rises 59% YoY
 ( Hot Pursuit - 02-May-23   15:22 )
  Satin Creditcare Network schedules board meeting
 ( Corporate News - 02-Dec-21   10:25 )
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