Care Ratings zooms over 10% as board to consider buyback proposal

Shares of Care Ratings zoomed over 10 per cent in Wednesday’s trade as the company to consider a proposal to buyback equity shares.

The Board of Directors of the rating agency said they will consider a proposal for buyback of equity shares of the company in a meeting to be held on July 20.

At 9:45 am, the scrip traded at Rs 458.85 around 10 per cent above its previous close of Rs 415.35


The stock generated a negative return of 53.12 per cent as compared to a 21.65 per cent upside seen in Nifty Financial Services over a three-year period.

Care Ratings is a smallcap company with a market cap of Rs 1,353.18 crore, operating in the financial services sector.