5% upper circuit on multibagger stock

Global Capital Markets is an NBFC operating in the financial industry. It is a small cap company with a market valuation of 82 crores. 20 February 1989 saw the incorporation of Global Capital Markets Limited. In 1995, it raised Rs. Issued. 400.00 Lakh Public Offering which was oversubscribed 14.63 times. The company is listed with RBI as a Non-Banking Financial Company. The company’s primary businesses include investing in stocks and other securities and providing short- and long-term loans to corporations and business organizations.

“Pursuant to Section 91 of the Companies Act, 2013 and in compliance with Regulation 42 of SEBI LODR Regulations, 2015, Members are informed that the Company has fixed April 20, 2023 as the record date for subdivision in the face value of Equity Shares . 10/- onwards 1/- each and issue of Bonus Equity Shares in the ratio of 10:6 under Regulation 42 of SEBI LODR Regulations, 2015. Its revised details are given below:

Scrip Code: 530263

ISIN Code: INE062C01034

Record date: April 20, 2023

Objective: Sub-division of Equity Shares at face value and issue of Bonus Equity Shares in the ratio of 10:6.”

During the quarter ending December 2022, the company reported a net income of Rs. 15.25 crore as against 0.53 crore during the quarter ended December 2021. Company’s net expense reached 14.46 Cr as compared to 14.46 Cr during Q3FY23 0.28 Cr during Q3FY22 and has an EBIT of 0.79 crore as compared to 0.25 crore was reported in the same quarter of FY2012. The company said its net profit 0.79 crore as compared to 0.25 crore and its EPS reached as compared to 0.32 during Q3FY23 2.00 in Q3FY22.

Shares of Global Capital Markets closed at the upper circuit limit of 5% on BSE today. 33.01 each level. The stock recorded an average total traded volume of 61,289 shares and distributable volume of 50,443 shares or 82.30%. It has given multibagger returns of 6,128.30% in last three years and multibagger returns of 900.30% in last five years. It gave multibagger return of 552.37% during last year, and has gained 0.64% in YTD, 2023. It gave multibagger return of 247.47% during last six months but has declined by 7.09% over last month.

The stock touched a 52-week high 45.00 (20/12/2022) and at 52-week low 3.79 as on (01/06/2022), it signifies that at current market price, the stock is trading 26.64% down from 1 year high and 770.97% up from 1 year low. During Q3FY23, the company registered a promoter shareholding of 5.00% and public shareholding of 95.00%.


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