Home PENNY STOCK Trending Multibagger stock below Rs 50: Announce bonus shares!

Trending Multibagger stock below Rs 50: Announce bonus shares!

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Trending Multibagger stock below Rs 50: Announce bonus shares!

Global Capital Markets Ltd. shares rose 3.26% today from their previous closing price of Rs. 38.40 to the day’s high of Rs. 39.65 per share. The stock had successive upward circuits in recent trading sessions. The company’s stock is close to its 52-week high of Rs. 45. On the BSE, volume for the company’s shares increased by more than 1.40 times today.

According to the most recent press release from the company, the board of directors will meet on Friday, January 27, 2023, to discuss the following proposals: 1) The division of equity share face values. 2) The issuance of 1 Rupee Bonus Equity Shares.

Global Capital Markets Ltd. conducts financial and investing activities as a registered NBFC (Non-Banking Financial Company). In addition to making loans, the company engages in trading and investing in the equities and F&O markets on the Indian capital market.

In terms of figures, Global Capital Markets Ltd. has a market valuation of Rs 96 crore and a CAGR of 513 percent over the past year. Both the company’s quarterly and annual financial statements contained encouraging outcomes. The net profit exploded by 104.17 percent to Rs 0.98 crore in Q2FY22 from only Rs 0.48 crore.

The stock generated multibagger returns of 696.18% in just 6 months, compared to just 5.5% for the BSE Small-Cap Index. Investors want to keep a watch on this stock with multiple gains.

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