CRISIL Shares :credit rating agency CRISIL witnessed a tremendous rise today. Even though the market was volatile, CRISIL sharesjumped 4.64% intra-day to a record high of Rs 5782.25closed atRs 5731.75on BSEshowinga gain of 3.73%
The main reason for the boom
This surge in CRISIL shares happened due to the board’s approval of an important investment made by the company . The company has decided to buy 4% stake in Online PSB Loans (OPL) .
Investment details:
- CRISIL invested Rs 33.25 crore in OPL.
- Through this investment, CRISIL has acquired 4.08% stake in OPL.
- OPL’s total revenue in 2024 was Rs 44.87 crore .
- CRISIL has taken this step to explore the possibilities of partnership with OPL in MSME and agriculture sectors .
Share Performance
- One Year Low: CRISIL share hit a low of ₹ 3665.10 on January 25, 2024.
- Record High: The stock reached a high of Rs 5782.25 on December 13, 2024.
- Overall Return: The stock has given a return of around 58% in the last 11 months.
Financial Performance of CRISIL
- September 2024 quarter:
- Consolidated net profit: Rs 171.55 crore (growth of 12.86%) .
- Total Revenue: Strong performance, up 7.9%.
What matters for investors?
This rise in CRISIL shares shows that the company’s strategies and fundamentals are strong.
- For long-term investors: This stock is still a strong choice.
- Profit Booking: Some investors took advantage of the intra-day surge, but the stock still remains stable and full of potential.
conclusion
CRISIL’s investment in OPL and the record-breaking performance of the shares prove that the company has a bright future. If you are thinking of investing, then this stock can make a place in your portfolio, especially for the long term.
Disclaimer:
The information in this post is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Always do your own research and consider your personal financial situation before making any investment decisions. The stock market carries risks, and past performance is not a guarantee of future results. If you are unsure, consult a qualified financial advisor or tax professional.
