BNP Paribas Financial Markets has acquired 30.78 lakh shares (equivalent to 0.32% of paid-up equity) in Capri Global Capital, the non-banking financial company founded in 1994, from Morgan Stanley Asia (Singapore) via open market transactions on February 18. According to reports from Moneycontrol, the transaction was executed at ₹176.2 per share, totaling over ₹54 crore. This strategic acquisition represents a significant entry into the Indian NBFC sector by the French banking giant. Capri Global Capital operates as a diversified NBFC in areas like MSME financing and gold loans, with its Trailing Twelve Months (TTM) Price-to-Earnings (P/E) ratio standing at approximately 19.64, considerably lower than the sector's average P/E of 27.88.
Following the announcement, Capri Global Capital shares rallied 3.1% to ₹178.52 after experiencing a three-day losing streak, as reported by Moneycontrol. The stock formation showed a long bullish candle on the daily charts, indicating renewed investor interest and positive market sentiment toward the acquisition news. The company's competitive P/E ratio of 19.64 positions it favorably compared to industry benchmarks for top companies in finance and investment, which average around 33.86. However, analysts have provided mixed outlooks, with MarketsMojo rating the stock a 'Hold' while some have issued 'Reduce' recommendations. A consensus target price from analysts suggests an average target of ₹221.67, implying a potential upside of over 27%.
Indian equity markets ended Wednesday's session on a firm note, with the Nifty 50 closing at 25,819.35, up 93.95 points, extending their selective recovery supported by steady buying in index heavyweights and easing volatility. According to Choice Equity Broking, the India VIX declined by 3.55% to close at 12.2225, indicating moderation in volatility expectations and improving trader confidence. For the day, FII/FPIs net sold ₹1,154 crore worth of Indian equities while DIIs net bought shares worth ₹440 crore, as per provisional exchange data. The NBFC sector is projected for robust AUM growth of 12-18% in FY26, benefiting from favorable monetary policy and rising credit penetration. Budget 2026 expectations include credit guarantees and refinance support, which could bolster lending activities. The broader healthcare sector is experiencing robust M&A activity, with deal values exceeding ₹10,000 crore in Q2 FY26, driven by consolidation in diagnostics and demand for specialty care.
