Meanwhile, the S&P BSE Sensex was up 381.16 points, or 1.38%, to 28,039.43

On the BSE, 23.64 lakh shares were traded on the counter so far as against the average daily volumes of 7.17 lakh shares in the past one quarter. The stock hit a high of Rs 37.25 and low of Rs 35 so far during the day. The stock hit a 52-week high of Rs 39.20 on 17 January 2017. The stock hit a 52-week low of Rs 9.75 on 5 April 2016.

The small-cap financial services firm has an equity capital of Rs 41.60 crore. Face value per share is Re 1.

Centrum Capital said that the board of the company's subsidiary, Centrum Retail Services has approved sale of a minority stake in its wholly owned subsidiary company, i.e. CentrumDirect, to NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India, subject to obtaining all government/ regulatory approvals including approval from the Competition Commission of India (CCI).

Centrum Capital's net profit rose 34% to Rs 3.35 crore on 31.54% growth in total income to Rs 25.36 crore in Q2 September 2016 over Q2 September 2015.

Centrum Capital is a Sebi registered category I merchant banker. It has expertise across equity & debt spectrum with capabilities in equity capital markets, M&A advisory, corporate finance & advisory, primary & secondary debt placement, project finance and corporate debt restructuring. Its retail arm provides integrated solutions for private wealth management, portfolio management, stock broking and foreign exchange.