with a market valuation of 106.72 Crore, Comfort Fincap Limited is a Small-cap business that operates in the Financial Services industry. A Non-Banking Finance Company (NBFC), Comfort Fincap Limited focuses largely on offering various loan products and other financial services related to stock and commodity markets. The company also announced a corporate action of 1:5 stock split with Q3 FY2023 results as follows.
The company has said in a stock exchange filing that its board of directors has approved a proposal for change in the share capital of the company by sub-division/split of existing one (1) equity share of face value of Rs. Rupee. 10/- (Rupees Ten only) in five (5) Equity Shares of face value of Rs. 2/- (Rupees Two only) each and subject to the approval of the shareholders and such officers as may be necessary.”
Speaking on the rationale behind the stock split, the board said that the company is going to widen its shareholder base and increase liquidity in the capital market to make the shares more affordable for small investors.
Comfort Fincap Announces Net Sales On Consolidated Basis 3.64 cr in Q3FY23, as compared to Rs. 3.18 Cr in Q3FY22, representing a growth of 14.46%. Company declared net profit As against 1.29 crore in the quarter ending December 2022 1.33 crore was recorded in the quarter ending December 2021, registering a decline of 3%. The consolidated EPS of the company reached as compared to 1.19 in Q3FY23 1.23 in the year-ago quarter.
Shares of Comfort Fincap Limited closed on BSE on Friday Down 0.35% from previous close of 98.35 98.70. The stock recorded a total volume of 53,537 shares as compared to the 20-day average volume of 70,358 shares. In last 5 years, the stock has gained 526% and has generated multibagger returns of 1773% in last 3 years. In last 1 year, the stock has generated multibagger return of 194.78% and on YTD basis, it has gained 10.44%. It has climbed 91.16% in the last six months and 8.73% over the last month. The stock touched a 52-week high 108.50 (13/01/2023) and at 52-week low At 21.15 (29/03/2022), it shows that at the current market price, the stock is trading 9.35% down from 1-year high and 365.01% up from 1-year low.
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