Capital Trust Microfinance stock hits upper circuit on BSE after announcing its microfinance venture

capital-trustCapital Trust Ltd, a Delhi-based financial services firm which used to provide two wheeler auto loans for Kinetic in North India, yesterday announced that it has now forayed into the country’s booming microfinance sector.

The company which is listed on the BSE and is non-banking finance company (NBFC) has altered a clause so that Capital Trust can undertake the business of microfinance.

The share price of the firm, seems to have over reacted to the news and is up by more than 10% in the last two days and has hit the upper circuit again today with a demand for 10,784 shares with no sellers at 11:45 PM.23/02/2010.

Capital Trust's Price Chart on BSE.

Capital Trust's Price Chart on BSE.

Todays price of Rs 44.35 is a new 52 week high for this scrip.The same stock was trading at Rs 5.82 on 28 Apr 2009 which is it’s 52 week low.

Latest BSE Stock price of Capital Trust

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