MASSIVE 510% return in 6 months: This small-cap NBFC's shares are on a roll - check details

Global Capital Markets Share Price: Global Capital Markets shares' one-way rally has made investors richer by five times in a span of just 6 months. The shares of the non-banking financial company (NBFC), as per BSE data, have zoomed a whopping 510 per cent since July 2022.

As per the details available on the BSE website, Global Capital's shares that quoted Rs 5.36 apiece are now available at Rs 32.70, as per January 2 closing. The stock had hit a 52-week high of Rs 45 in December 2022. Its 52-week low is Rs 3.79.

The massive rally of 510 per cent in the share price of the small-cap company has resulted in wealth gain for its investors. 

Incorporated in 1989, Global Capital Markets has a market cap of Rs 81.40 crore, as per January 2 closing.

The company has informed that its board members met recently to discuss avenues for expanding the business. As per an exchange filing, the members discussed about getting into the business of Bills Discounting which would be either anchor/shipper lead model or transportation led model. These would be small ticket sized loans ranging from Rs 2 lakh to Rs 25 lakh.

"The Board is determined to diversify its loan portfolio and concentrate or retail lending so as to have margin expansion of the funds employed," the filing read.

The members also discussed about getting into financing against gold to small retail borrowers.

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