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Multibagger NBFC Fixes Record Date for Stock Split and Bonus Shares, Stock Hits Upper Circuit

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Global Capital Markets, a small cap NBFC, fixed a record date for stock split and bonus shares following the Companies Act 2013. The company, incorporated on February 20, 1989, has a market capitalisation of Rs 82 crore.

It is listed as a non-banking financial company with the RBI. It primarily engages in investing in stocks and securities, as well as providing short- and long-term loans to businesses.

In compliance with Regulation 42 of SEBI LODR Regulations, 2015, Global Capital Markets has fixed a record date of April 20 2023, for subdivision in face value of Equity Shares of Rs 10/- to Rs 1/- each and issue of Bonus Equity Shares in the ratio of 10:6, under Section 91 of the Companies Act, 2013.

During Q3FY23, the company recorded a net income of Rs 15.25 Cr, net expenses of Rs 14.46 crore, and an EBIT of Rs 0.79 crore, resulting in a net profit of Rs 0.79 crore and an EPS of Rs 0.32. The stock closed at a 5% upper circuit limit of Rs 33.01 per share on the BSE, with a total traded volume of 61,289 shares and a deliverable volume average of 50,443 shares or 82.30%. Over the past three, five, and twelve months, the stock has produced multibagger returns of 6,128.30%, 900.30%, and 552.37%, respectively. YTD, the stock has gained 0.64% but has plummeted by 7.09% over the last month.

The 52-week-high and 52-week-low of the stock were recorded at Rs 45 on December 20, 2022, and Rs 3.79 on June 1, 2022, respectively, indicating that the current market price is trading 26.64% below the 1-year high and 770.97% above the 1-year low. As of Q3FY23, the promoter shareholding of Global Capital Markets was 5%, while the public stake was 95%.

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