CARE Rating surges over 8% on special dividend proposal

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Shares of country's leading credit rating agency, Credit Analysis And Research Limited (CARE) jumped over 8 per cent in early trade on Bombay Stock Exchange (BSE) after it announced a special dividend of 80 per cent or Rs 8 per share on competition of 20 years of Analytical Excellence by the company.

Besides, the company has posted a net profit of Rs 35.61 crore and total income of Rs 63.30 crore for the fourth quarter ended March 31, 2013 (Q4 FY13).

Buoyed by developement, shares of company gained as much as 8.21 per cent to trade at Rs 767.65 a piece on the BSE.

In a similar fashion, shares of the company were trading at Rs 751.00 a piece, up 6.12 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 20,304.61, up 91.65 points or 0.45 per cent at 10:40 hours.

Read more about: credit analysis research
Story first published: Thursday, May 16, 2013, 13:31 [IST]
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