Trending stocks: CARE Ratings stock climbs 4.8% in early trade

NEW DELHI: Shares of CARE Ratings traded 4.76 per cent up in Thursday's trade at 09:34 am. Around 19,494 shares changed hands on the counter. The stock opened at Rs 423.25 and touched an intraday high and low of Rs 435.0 and Rs 415.0, respectively, in the session so far.

The domestic rater announced the appointment of Ajay Mahajan as its managing director and chief executive.

The stock quoted a 52-week high of Rs 1208.0 and a 52-week low of Rs 239.1.


Financials
CARE Ratings, incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1225.44 crore) operating in Financial Services sector.

The company reported net profit after tax of Rs 17.58 crore for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 56.11 crore, down 21.66 per cent from last quarter Sales of Rs 71.63 crore and down -23.03 per cent from last year same quarter Sales of Rs 72.91 crore.

CARE Ratings key products/revenue segments include income from rating services which contributed Rs 294.78 crore to sales value (99.13 per cent of total sales) and other sales- publications which contributed Rs 2.58 crore to sales value (0.86 per cent of total sales)for the year ending 31-mar-2019.

Promoter holding
Promoters held 0.0 per cent stake in the company as of quarter ended 31st Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 11.78 and price to book value of 2.21.