Centrum Capital rises on buying from ICICI Prudential MF

Capital Market 

advanced 3.57% to Rs 60.90 at 12:47 on after Prudential Mutual Fund bought 21 lakh of the company at Rs 51 per share in a bulk deal on the yesterday, 9 August 2017.

Meanwhile, the S&P Sensex was down 107.96 points or 0.34% at 31,689.88. The S&P Small-Cap index fell 157.89 points or 1.01% at 15,476.61.

On the BSE, 38.52 lakh were traded on the counter so far as against the average daily volumes of 17.75 lakh in the past one quarter. The stock had hit a high of Rs 61.95 and a low of Rs 58.80 so far during the day. The stock had hit a record high of Rs 62.70 on 9 August 2017 and a 52-week low of Rs 20.10 on 25 August 2016.

The stock had outperformed the market over the past one month till 9 August 2017, advancing 22.76% compared with the Sensex's 1.39% rise. The stock had also outperformed the market over the past one quarter, gaining 18.55% as against the Sensex's 6.23% rise. The scrip had also outperformed the market over the past one year, advancing 155.65% as against the Sensex's 13.22% rise.

The small-cap company has equity capital of Rs 41.60 crore. Face value per share is Rs 1.

Centrum Capital's net profit jumped 1113.1% to Rs 30.45 crore on 382.3% growth in total income to Rs 99.17 crore in Q4 March 2017 over Q4 March 2016.

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.

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