CARE Ratings surges on stake buy by CRISIL
CARE Ratings (formerly Credit Analysis and Research) surged 16% to Rs 1,660 on BSE in intra-day trade after the rating agency CRISIL has acquired nearly 9% stake in the company through open market. “Our Company has acquired 2.62 million equity shares of CARE Ratings ('CARE') (8.90% of the total paid up equity share capital of CARE) at a price of Rs 1659.79 per share, on June 29, 2017,” CRISIL said in a BSE filing. Commodity Trading Tips
The investment has been made pursuant to the request for quotation dated June 19, 2017 issue by Canara Bank for sale of 8.9% stake in CARE, which is good opportunity to make an investment in the good long term growth prospects of the credit rating sector, it added. At 9:54 am; the stock of CARE Ratings was up 10% at Rs 1,573 on BSE as compared to 0.70% rise in the S&P BSE Sensex. A combined 2.8 million shares changed hands on the counter on BSE and NSE so far.
CRISIL was up 1% at Rs 1,939 after hitting high of Rs 1,950 in intra-day trade on BSE. Canara Bank up 4% to Rs 339 in intra-day trade was trading 3% higher at Rs 335 on BSE. Astrology and Numerology Trading Tips
The investment has been made pursuant to the request for quotation dated June 19, 2017 issue by Canara Bank for sale of 8.9% stake in CARE, which is good opportunity to make an investment in the good long term growth prospects of the credit rating sector, it added. At 9:54 am; the stock of CARE Ratings was up 10% at Rs 1,573 on BSE as compared to 0.70% rise in the S&P BSE Sensex. A combined 2.8 million shares changed hands on the counter on BSE and NSE so far.
CRISIL was up 1% at Rs 1,939 after hitting high of Rs 1,950 in intra-day trade on BSE. Canara Bank up 4% to Rs 339 in intra-day trade was trading 3% higher at Rs 335 on BSE. Astrology and Numerology Trading Tips
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