Bharat Financial Inclusion is currently trading at Rs. 1030.05, up by 26.60 points or 2.65% from its previous closing of Rs. 1003.45 on the BSE.
The scrip opened at Rs. 1045.00 and has touched a high and low of Rs. 1046.50 and Rs. 1018.80 respectively. So far 302196 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1010.00 on 13-Oct-2017 and a 52 week low of Rs. 465.40 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 1046.50 and Rs. 960.10 respectively. The current market cap of the company is Rs. 14242.52 crore.
The promoters holding in the company stood at 1.65%, while institutions and non-institutions held 85.67% and 12.68% respectively.
Bharat Financial Inclusion and Induslnd Bank have received approval from their respective board for merger of the two entities to create a stronger and more sustainable platform for Financial Inclusion. The merger will be effected through an all-stock transaction of Bharat Financial Inclusion into Induslnd through a Composite Scheme of Arrangement.
The Scheme contemplates merger of Bharat Financial with Induslnd and simultaneous transfer of Bharat Financial Inclusion’s Business Correspondent operations into a Wholly Owned Subsidiary of Induslnd, which shall be incorporated after receipt of requisite regulatory approvals.
Upon the scheme becoming effective, Bharat Financial Inclusion will stand merged into Induslnd and shareholders of Bharat Financial will receive shares of Induslnd in exchange for shares held by them in Bharat Financial as per the approved Fair Equity Share Exchange Ratio (Swap Ratio). All the employees of Bharat Financial Inclusion will become part of the Induslnd.
Accordingly, Bharat Financial Inclusion’s shareholders will receive 639 shares of Induslnd for every 1,000 shares of Bharat Financial Inclusion. This implies a premium of 12.6% to Bharat Financial Inclusion over two-week volume weighted price (VWAP).
| Company Name | CMP |
|---|---|
| Bajaj Finance | 6685.45 |
| Shriram Finance | 2852.45 |
| Aditya Birla Capital | 186.55 |
| SBI Cards AndPayment | 679.45 |
| Mah & Mah Finl. Serv | 263.55 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
