Published on 13/09/2017 12:49:53 PM | Source: Dion Global Solutions Ltd

Capital First jumps nearly 4% as RBI hikes FIIs limit

Posted in Stock On The Move | #RBI #Banking Sector #NBFC #Stock On The Move #Capital First Ltd


Shares of Capital First soared nearly 4 per cent on the Bombay Stock Exchange after the Reserve Bank of Indian allowed foreign investors to hold up to 50 per cent equity stake in the company. Boosted by the development, shares of the company gained as much as 3.79 per cent to trade at intra-day high of Rs 839.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 1.13 per cent higher at Rs 817.75 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,260.06, up 101.40 points, or 0.32 per cent, at 12:20 hours.