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Trending Stocks – Centrum Capital Ltd.

StockEdge by StockEdge
November 23, 2023
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A stock chart for centrum capital ltd. Showing an increase in stock price from 20 to 52 rupees over a 3 month period. The chart also shows the volume and rsi of the stock over time.

Check out the share trend of Centrum Capital Ltd.

Centrum Capital Ltd. – Highlights

  • The shares of Centrum Capital Ltd. was trading at Rs.52.75, up by 5% hitting a 52-week high of Rs.58.50 in today’s trading session.
  • The stock has increased by 278.14% in last one year, while the benchmark index S&P BSE Sensex has increased by 51.37%.
  • This surge in stock price was after Centrum Financial Services Limited (CFSL) received an “in-principle” approval from the Reserve Bank of India (RBI) to set up a Small Finance Bank (SFB).
  • Centrum Group announced on Friday that it has received RBI approval to take over the troubled cooperative lender Punjab and Maharashtra Co-operative Bank Limited (PMC Bank).
  • “The Reserve Bank of India (RBI) has today decided to grant “in-principle” approval to Centrum Financial Services Limited (the applicant) to establish a small finance bank in accordance with the general “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector” dated December 5, 2019,” the RBI stated in a press release dated June 18, 2021.
  • The RBI stated that it would consider granting a license for the commencement of banking business under Section 22 (1) of the Banking Regulation Act, 1949, if it was satisfied that the applicant had complied with the requisite conditions laid out by the RBI as part of “inprinciple” approval.
  • Centrum Capital, CFSL’s holding company, and its partner BharatPe, a payments system company, will invest Rs 1,800 crore in the small finance bank, which will have 120 days to begin operations.
  • The consortium of Centrum and BharatPe had expressed an interest in taking over PMC Bank.
  • Meanwhile, Centrum Capital announced that its board of directors will meet on Tuesday, June 22, 2021, to consider a proposal for obtaining enabling approval from the company’s shareholders for a proposal to raise funds through the issuance of securities, either through a rights issue or a private placement (including but not limited through a qualified institutional placement), and also consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company, for the Financial Year ended March 31, 2021; and Consider the recommendation of dividend, if any, for Financial Year 2020-21.
  • Centrum, which was founded in 1997, has diversified fee businesses as well as a lending platform for institutions and individuals. Investment Banking, Mid-corporates and SME credit, and Broking to FIIs, Pension Funds, Indian Mutual Funds, Domestic Institutions, are few of institutional services offered by them. It also offers MSME credit, Wealth Management Services to HNIs and Family Offices, Affordable Housing Financing in Tier 2 and Tier 3 Cities, Micro Finance Loans, and Retail Broking. Its Asset Management division provides funds in Private Debt and Venture Capital.
  • ACC, L&T, Enercon India Limited, Varun Shipping Company Limited, Bajaj Electrical Limited, Cholamandalam Finance, Hindustan Construction, Anchor Health & Beauty Care, and a number of other companies are among its clients.

For more fundamental data and analysis, click on Centrum Capital Ltd.

A screenshot of a stock overview page for centrum financial services on a mobile device. The page shows financial indicators such as earnings per share, price-earning ratio, and book value.

Read our latest article on Subex Ltd. – Beyond Boundaries, Breaking Convention

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Disclaimer: This document and the process of identifying the potential of a company has been produced for only learning purpose. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.

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StockEdge (Kredent InfoEdge Pvt. Ltd.) is a SEBI-registered Research Analyst (RA) entity (SEBI Registration No: INH300007493). The information provided in this article is for educational and informational purposes only and should not be considered as an offer to buy or sell any securities or investment products.

The stocks, securities, and investment instruments mentioned herein are not recommendations under SEBI (Research Analysts) Regulations, 2014. Readers are advised to conduct their own due diligence and seek independent financial advice before making any investment decisions.

Investments in securities markets are subject to market risks. Please read all related documents carefully before investing. Investing in Equity Shares,
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