Satin Creditcare is the 5th largest microfinance institution as on March 31, 2016, as per a CRISIL Report with a strong presence in northern India. The company started its operations in the year 1990 as a provider of individual and small business loan and savings services to the urban shopkeepers.
The company’s operations are spread across 16 states and union territories in India encompassing Uttar Pradesh (UP), Bihar, Madhya Pradesh (MP), Punjab, Uttarakhand, Haryana, Rajasthan, Maharashtra, Delhi and NCR, Chhattisgarh, Jharkhand, West Bengal, Gujarat, Jammu and Kashmir, Himachal Pradesh and Chandigarh, with a focus on rural and semi-urban regions. A number of the regions in which it operates have moderate or low rates of penetration by the micro finance institutions.
At 12:32 pm, Satin Creditcare share price traded 4.67 per cent lower on the NSE. So far over 56 thousand shares were traded on the counter, as compared with a 20-day average volume of 215363 shares. Satin Creditcare share price rose to make the day's high of Rs 360 so far during the day. The stock fell at the day's low of Rs 337.10.
Fundamentals of the stock:
- Sector :FINANCIAL SERVICES
- Face Value (Rs.) : 10
- 52 Week High (Rs.) : 716.00 (28-Jul-16)
- 52 Week Low (Rs.) : 245.00 (26-Feb-16)
- Life Time high (Rs.) : 716.00 (28-Jul-16)
- Life Time low (Rs.) : 88.50 (27-Aug-15)
- Average Daily Movement [ADM] : 26.3
- 1 Month Return (%) : -7.83
- Standalone FY 15-16 PE Ratio : 23.01
- Standalone Trailing PE Ratio : 16.31
- Book Value : 87.76
- Market Cap : 1333.46 (Cr)
- % of Promoter holding pledged : 8.68
Satin Creditcare is a multibagger stock as recognized by Dynamic Levels Research Analysts, based on their technical and fundamental research it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run. Stay updated with the important support and resistance levels of the share at Satin Creditcare share price history.
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