A. K. Capital Services stock down by 9 percent
Bangalore:A. K. Capital Services Limited stock was among top losers after price went down by nearly 9 percent. After opening the day at 
785.00, the stock touched its 52 week high of 944.00, before closing the trade at 799.60, with loss of 9.33 percent.Through the day,36646 shares of A. K. Capital Services Limited were traded in the market.
A. K. Capital Services Limited is engaged in providing merchant banking services. The Company is engaged in providing various fee-based services, such as fund mobilization through issue of debt, equity, structured hybrid instruments and loan syndication for over 200 clients, including country's central and state government undertakings, private and nationalized banks, financial institutions and private sector corporate. The Company is a merchant banker in the Indian fixed income market through management of private placements, as well as public issues. The Company is also engaged in management consultancy, advisory services and financial restructuring. As on March 31, 2010, the subsidiaries of the Company were A.K. Stockmart Private Limited, A.K. Capital Corporation Private Limited and A.K. Capital Finance Private Limited.
A K Capital Services announced a substantial rise in standalone net profit for the quarter ended September 2010. During the quarter, the profit of the company rose 39.06 percent to Rs 167.07 million from Rs 120.14 million in the same quarter last year.
Net sales for the quarter for the quarter rose 26.47 percent to Rs 473.72 million, while total income for the quarter rose 22.72 percent to Rs 482.63 million, when compared with the prior year period.
It posted earnings of Rs 25.31 a share during the quarter, registering 39.07 percent growth over prior year period.
785.00, the stock touched its 52 week high of 944.00, before closing the trade at 799.60, with loss of 9.33 percent.Through the day,36646 shares of A. K. Capital Services Limited were traded in the market.
A. K. Capital Services Limited is engaged in providing merchant banking services. The Company is engaged in providing various fee-based services, such as fund mobilization through issue of debt, equity, structured hybrid instruments and loan syndication for over 200 clients, including country's central and state government undertakings, private and nationalized banks, financial institutions and private sector corporate. The Company is a merchant banker in the Indian fixed income market through management of private placements, as well as public issues. The Company is also engaged in management consultancy, advisory services and financial restructuring. As on March 31, 2010, the subsidiaries of the Company were A.K. Stockmart Private Limited, A.K. Capital Corporation Private Limited and A.K. Capital Finance Private Limited.
A K Capital Services announced a substantial rise in standalone net profit for the quarter ended September 2010. During the quarter, the profit of the company rose 39.06 percent to Rs 167.07 million from Rs 120.14 million in the same quarter last year.
Net sales for the quarter for the quarter rose 26.47 percent to Rs 473.72 million, while total income for the quarter rose 22.72 percent to Rs 482.63 million, when compared with the prior year period.
It posted earnings of Rs 25.31 a share during the quarter, registering 39.07 percent growth over prior year period.