Credit Analysis & Research (CARE) is the second largest full-service credit rating company in India, witnessed a rise in share price on Thursday after Life Insurance Corporation of India has picked 9.94% stake in CARE for Rs 4,187.74 million on Wednesday.

Shares of the company are trading at Rs 1,536.50, up Rs 48.95, or 3.29% at the Bombay Stock Exchange (BSE) on Thursday at 11:42 a.m.

The scrip has touched an intra-day high of Rs 1,550 and low of Rs 1,518. The total volume of shares traded at the BSE is 1,802.