Satin Creditcare Network, incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2414.14 Crore) operating in NBFC sector.

Satin Creditcare Network, a microfinance lender, has reported a 43% year-on-year surge in standalone net profit of INR 86 crore ($11.5m) for the quarter ending in June this year. Its performance was the best it had recorded in the first quarter over the past five years. Its on-book gross non-performing

HDFC Life, Power Grid, Axis Bank, Apollo Hospital and Sun Pharma were among the top losers on NSE.

The Nifty Bank index was trading 0.05 per cent up at 44687.6.

Senco Gold, Satin Creditcare, Precision Camshaft, JBM Auto and Global Vectra, hit their fresh 52-week highs at 10:24AM.

In the Nifty pack, 32 stocks were trading in the green, while 18 stocks were trading in the red.

The Nifty Auto index was trading 0.28 per cent up at 15562.5.

Rama Mohan Rao Amara, Managing Director & CEO has tendered his resignation from directorship of the company with effect from August 11. He will also cease to be the MD and CEO of the company.

The tenue of the instrument, date of allotment and date of maturity will be determined by the Committee for each Tranche at the time of finalization of the terms of such Tranche.