Now Reading: Capri Global Capital shares jump 9% to one-month high on strong volumes
-
01
Capri Global Capital shares jump 9% to one-month high on strong volumes
Capri Global Capital shares jump 9% to one-month high on strong volumes
Capri Global Capital shares surged 9% on August 26 to Rs 260.85, the highest in over a month, driven by heavy trading volumes. Nearly 24.4 million shares changed hands on the NSE…
Capri Global Capital shares surged 9% on August 26 to Rs 260.85, the highest in over a month, driven by heavy trading volumes. Nearly 24.4 million shares changed hands on the NSE and BSE, about 3.5 times the average weekly volume, according to Trendlyne data.
The stock has risen 16.5% in three consecutive sessions and over 40% year-to-date. The company's consolidated net profit more than doubled to Rs 353 crore in the June quarter from Rs 175 crore a year ago, while total income rose to Rs 1,581 crore.
The company has fixed September 4, 2026, as the record date for a final dividend of Rs 0.20 per share for the year ended March 31, 2026. The dividend is subject to shareholder approval at the annual general meeting on September 22, 2026.
Indian Opinion Analysis
Capri Global Capital's rally comes after two muted years, recovering from a period when the stock saw limited movement despite strong business growth. The NBFC's AUM grew 62% year-on-year to Rs 40,112 crore, driven by gold loans and MSME financing, segments where competition from banks and larger NBFCs is intensifying. The dividend of Rs 0.20 per share is nominal relative to the share price, indicating the company prioritises reinvesting profits into its loan book. Investors will watch whether the stock can sustain volumes above the weekly average, and how its net interest margin holds up against rising funding costs in the banking system. The AGM on September 22 will confirm the dividend and may provide guidance on the pace of retail loan expansion.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
