Global Capital Markets stock price: A one-way rally in Global Capital Markets stocks has made investors five times wealthier in just six months. Non-bank financial company (NBFC) stocks have surged a whopping 510% since July 2022, according to BSE data.
Global Capital shares are now available at Rs 32.70 per share, up from Rs 5.36 per share at the close of trading on January 2, according to details available on BSE’s website. The stock price he hit his 52-week high of Rs 45 in December 2022. The 52-week low is at INR 3.79.
A massive 510% rise in the stock prices of small-cap companies has made investors wealthy.
Established in 1989, Global Capital Markets has a market capitalization of Rs 8.14 billion as of the closing date of 2nd January.
The company informed that board members recently met to discuss ways to expand the business. According to the exchange filing, the members discussed getting into the business of bill discounting which would be either an anchor/shipper driven model or a transport driven model. It’s a small ticket size loan.
“The Board is determined to diversify its loan portfolio and focus or concentrate retail lending to increase margins of funds used,” the filing read.
Members also discussed lending money to small individual borrowers.
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