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Satin Creditcare Network gains on launching mobile application ‘Loan Dost’

28 Nov 2018 Evaluate

Satin Creditcare Network is currently trading at Rs. 209.55, up by 0.10 points or 0.05% from its previous closing of Rs. 209.45 on the BSE.

The scrip opened at Rs. 210.90 and has touched a high and low of Rs. 212.00 and Rs. 205.60 respectively. So far 886 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 525.25 on 15-Jan-2018 and a 52 week low of Rs. 183.00 on 16-Nov-2018.

Last one week high and low of the scrip stood at Rs. 214.30 and Rs. 203.20 respectively. The current market cap of the company is Rs. 1024.78 crore.

The promoters holding in the company stood at 26.73%, while Institutions and Non-Institutions held 35.08% and 38.19% respectively.

Satin Creditcare Network has launched a mobile application for loan products under fintech platform of the company named as ‘Loan Dost’. It’s a digital lending platform for short to medium term personal loans, which will provide easy and quick access to the small personal loan needs of urban and semi-urban population, with a seamless mobile experience.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.

Peers
Company Name CMP
Power Finance Corpn. 328.00
REC 300.00
NHIT 168.00
Satin Creditcare Net 223.65
IFCI 67.34
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