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Bharat Financial Inclusion rose 0.58% to Rs 1,080.95 at 12:55 IST on BSE after company said that it has completed direct assignment transaction of Rs 1391 crore.
The announcement was made after market hours on Friday, 23 March 2018.Meanwhile, the S&P BSE Sensex was up 112.66 points, or 0.35% to 32,709.20.
On the BSE, 57,000 shares were traded in the counter so far, compared with average daily volumes of 43,000 shares in the past two weeks. The stock had hit a high of Rs 1,089.85 and a low of Rs 1,077.20 so far during the day. The stock hit a 52-week high of Rs 1,107 on 22 March 2018. The stock hit a 52-week low of Rs 650.60 on 24 May 2017.
The large-cap company has equity capital of Rs 139.32 crore. Face value per share is Rs 10.
Bharat Financial Inclusion (formerly known as SKS Microfinance) on Friday, 23 March 2018 assigned two pools of receivables of an aggregative value of Rs 1391 crore with a leading public sector bank and a leading private sector bank on direct assignment basis as per the guidelines of the Reserve Bank of India. With these transactions, the company has completed six direct assignment transactions worth Rs 3328.32 crore in FY18.
Bharat Financial Inclusion's net profit rose 13.86% to Rs 162.61 crore on 19.54% rise in total income to Rs 543.73 crore in Q3 December 2017 over Q3 December 2016.
Bharat Financial Inclusion is among the largest microfinance companies in India.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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