Today capital first has announced a fantastic result with march quarter profit up 22% to Rs 37Crore. Total income increased 59% to Rs 184 Crore from Rs 116 Crore in the quarter ended March 2014. Asset is increased by 24% to Rs 11,976 crore from Rs 9,679 crore in March 14.
They are pretty much confident that they will grow by 25-30% continuously over next two to three years.
Also, CFL has recommended payment of dividend of Rs 2.20/- share of Rs 10/- each for the financial year 2014-15
Capital First has raised about Rs300 crore via a qualified institutional placement issue at a price of Rs 390 per share. Considering the robust growth and under the able leadership of vaidyanathan we can expect share price to double from CMP 400/- in next 1 to 2 years.
We are recommending this stock for short term as well as long term horizon.
Please refer below link for previous recommendation.