Mumbai, August 12 – Sammaan Capital’s share price surged sharply on Tuesday, gaining nearly 9% after reports hinted at a significant leadership reshuffle within the company. The stock touched an intraday high of ₹125.40, marking an 8.99% rise on the BSE.
Market Performance
- Intraday High: ₹125.40
- Current Price (1:20 PM): ₹123.85 (up 7.65%)
- Trading Volume: ~2 crore shares traded, much higher than the one-week average of 58 lakh shares
This spike in volumes reflects heightened investor interest, likely fueled by corporate restructuring reports.
Main News
As per media reports, Himanshu Mody, former CFO of Suzlon Energy, may join Sammaan Capital in a senior leadership capacity. Mody is well-regarded for steering Suzlon’s financial turnaround during his tenure.
Company Details
- Former Name: Indiabulls Housing Finance Ltd
- Industry: Non-Banking Financial Company (NBFC) – Housing Finance
- Assets Under Management (AUM): ~₹66,000 crore
Sammaan Capital primarily focuses on housing finance solutions and has a significant presence in the Indian mortgage lending space.
Share Price History
- 1-Month: - 2%
- 3-Months: + 3%
- YTD: - 19%
- 2 Years: - 15%
- 3 Years: + 12%
- 5 Years: - 36%
This trend shows that despite recent short-term gains, the stock has faced long-term downward pressure.
Summary
Sammaan Capital’s share price witnessed a notable uptrend, backed by heavy trading volumes and market chatter about an upcoming leadership change. The NBFC’s performance in the housing finance sector remains significant, with ₹66,000 crore AUM, even as its long-term stock trend shows mixed results.
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