with a market valuation of 19.68 Crore, Escorp Asset Management Limited is a Small Cap company dealing in Financial Services Sector. The company is a subsidiary of Aryaman Financial Services Limited, a flagship firm of Aryaman Group. Aryaman Group is a partner in the financial services industry with operations in equity investment, corporate advisory, stock broking and money markets. The company’s board of directors had earlier set September 5, 2022 as the record date for the purpose of 2:3 bonus shares, but on Friday the company revised it to September 6, 2022.
The Board of Escorp AMC, in a stock exchange filing dated 26 August 2022, said that “In compliance with Regulation 42(2) and (3) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, you are hereby informed that Company 2 For the purpose of ascertaining the eligibility of shareholders for issue of bonus shares in the ratio of :3, 06th September, 2022 has been fixed as the record date, i.e. 2 (two) for every 3 (three) fully paid ) holding up equity shares approved by the shareholders in the Annual General Meeting held today (i.e. 26th August, 2022).”
Shares of Escorp AMC closed on Friday 29.50 each, up 19.92% from previous close 24.60 on BSE. The stock has given a return of 96% in the last 5 years and the stock has gained more than 80% in the last 3 years. The stock has gained 63 per cent in the last one year. On BSE, the stock had touched a 52-week high 52-week low of 29.50 (02/08/2022) and 16.50 on (18/08/2021) it shows that at current share price 29.50, the stock is trading up 78.78% from the lower level. The book value per share of the stock is 51.14 which indicates that the stock is trading at 0.57 times its book value at the current market price. At a price to book value (P/B) of 0.57, the stock can be considered undervalued relative to its peers such as Muthoot Finance, HDFC AMC, Bajaj Holdings, SBI Cards, Bajaj Finserv, Bajaj Finance and Cholamandalam Investment and Finance Company Ltd. . ,
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