Rating agency CRISIL rose 0.2% to Rs 3116, extending what has been a solid surge for the stock in the New Year.
As many as 3,302 shares changed hands in the counter on BSE.
From Rs 2,296.05 on 11 January 2007, the stock gained 35.7% to the current Rs 3116 in just a few trading sessions.
A bout of volatility was witnessed in the stock at the higher level, when after a 5% surge to Rs 3,240.80 on 25 January2007, the stock lost 4.85% the next trading day (29 Jan-07) to Rs 3083.30. On that day, when the stock lost nearly 5%, it also struck an all-time high of Rs 3379.40 in intra-day trade.
The scrip remains a thinly trade one. The average daily volume in the counter on BSE in the past one year was 1,800 shares.
Recently, there was a report in the media that US ratings agency Standard & Poors, which holds more than half of the stake in domestic rating agency, Crisil, is likely to make an open offer for the balance stake soon. There is no announcement from CRISIL in this regard thus far. Currently, S&P holds 55.08% stake in Crisil, while FIIs hold about 9.44%. High networth individuals and stock-brokers Rakesh Jhunjhunwala hold 8.14%.
In November 2006, CRSIL announced its decision to transfer the assets and staff of CRISIL MarketWire (CMW) to the TV18 group.
CRISIL reported a 62% jump to Rs 22.86 crore in its net profit on a consolidated basis in the September 2006 quarter. Operating revenue increased 57% to Rs 80.92 crore due to good growth witnessed in all its segments, specially the research and information services segment (RISS).
CRISIL is seen benefiting from its S&Ps parentage. CRISIL is playing an increasingly important part in S&P's global resource management strategy, providing S&P research operations around the world with a growing range of analytical, data management and publishing support.
Recently, International Finance Corporation awarded development of an environmental, social and corporate governance index for India to a consortium led by S&P and CRISIL
As many as 3,302 shares changed hands in the counter on BSE.
From Rs 2,296.05 on 11 January 2007, the stock gained 35.7% to the current Rs 3116 in just a few trading sessions.
A bout of volatility was witnessed in the stock at the higher level, when after a 5% surge to Rs 3,240.80 on 25 January2007, the stock lost 4.85% the next trading day (29 Jan-07) to Rs 3083.30. On that day, when the stock lost nearly 5%, it also struck an all-time high of Rs 3379.40 in intra-day trade.
The scrip remains a thinly trade one. The average daily volume in the counter on BSE in the past one year was 1,800 shares.
Recently, there was a report in the media that US ratings agency Standard & Poors, which holds more than half of the stake in domestic rating agency, Crisil, is likely to make an open offer for the balance stake soon. There is no announcement from CRISIL in this regard thus far. Currently, S&P holds 55.08% stake in Crisil, while FIIs hold about 9.44%. High networth individuals and stock-brokers Rakesh Jhunjhunwala hold 8.14%.
In November 2006, CRSIL announced its decision to transfer the assets and staff of CRISIL MarketWire (CMW) to the TV18 group.
CRISIL reported a 62% jump to Rs 22.86 crore in its net profit on a consolidated basis in the September 2006 quarter. Operating revenue increased 57% to Rs 80.92 crore due to good growth witnessed in all its segments, specially the research and information services segment (RISS).
CRISIL is seen benefiting from its S&Ps parentage. CRISIL is playing an increasingly important part in S&P's global resource management strategy, providing S&P research operations around the world with a growing range of analytical, data management and publishing support.
Recently, International Finance Corporation awarded development of an environmental, social and corporate governance index for India to a consortium led by S&P and CRISIL
