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On January 24, 2025, Capri Global Capital's share price surged 12.4% to touch the intraday peak of Rs 204.15 on BSE. The stock’s trading price as of 11.11 am was Rs 200.58. The stock gains are driven by Capri’s Q3 results for the end of December 2024 quarter, which shows a strong growth trajectory.
The standalone net profit for Q3 2024 came in at Rs 108 crore for Capri Global Capital. Thus, posting a growth that is up by 111% compared to Rs 51.3 crore for the same period last year. The total income was also significantly up year-on-year at Rs 604.2 crore against Rs 477.7 crore. Thus, underpinning good financial performance due to higher loan disbursements and better operational efficiency.
Though it did have a spectacular growth in profits as shown by its Q3 earnings report, the EPS took a hit from Rs 2.49 last year to Rs 1.31 this time. This would indicate dilution or higher issuance of shares. Potential investors should always consider this factor for assessing the company's prospects on the EPS front.
The company's financial outcomes triggered a positive market reaction. Capri Global Capital's stock opened the day with a gain of 3.85%. Volatility in the stock is high, with an intraday volatility rate of 28.68%, reflecting investor euphoria post the announcement. There is an upward trend in the stock price. This reflects strong investor confidence due to the impressive income growth and profitability of the company.
On the technical front, the Capri Global Capital stock shows strength. Currently, it is trading above its short-term moving averages at 5 days, 20 days, and 50 days. This indicates a recent upward trend of the stock, suggesting it is on the upside over the short term. Still, it trades below its long-term 200-day moving average. This could represent a resistance point for the stock that might hold it back in the near term.
Over the last month, the stock of Capri Global Capital has given a return of around 6.30%, outperforming its sector. On the other hand, Sensex saw a decline of about 2.25% for the same duration. Thus, the stock of the company is performing relatively better in comparison with the overall market.
Based on the latest performance and outlook for Capri Global Capital, analysts have recommended a ‘Strong Buy’. The company's market capitalization currently stands at Rs 16,404.14 crore. Capri Global Capital shares have a PE ratio of 42.70, which reflects investor optimism over prospects.
Key metrics to focus on include the PB ratio of the company at 3.91, a dividend yield of 0.08%, and a beta at 0.58. This presents a relatively low-volatility stock than the broad market. Furthermore, its range at the high level of the stock in its last 52 weeks is at Rs 289.25 while that at the lowest level is Rs 173.01. Thus, it gives more scope for improvement from that side.
Capri Global Capital's share price increase is an indicator of the confidence of investors due to its good performance. The right strategy and attention to market dynamics show that the company is set to continue on its upward trajectory in the long term.
