Multibagger Stock: Global financial services conglomerate Nomura Singapore Limited ODI has bought stake in Viram Securities Limited. The financial firm, which has a presence in 30 countries, has bought 1,50,000 Viram Securities shares. Similarly, Resonance Opportunities Fund Mauritius has invested 1,03,000 shares in this BSE-listed stock, which is one of the multibagger penny stocks that has risen 120 per cent in the last one year.
company management of multibagger penny stock In its exchange communication to global financial investment institutions informed about investment, “With reference to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Nomura Singapore Limited ODI Which is a global financial services group with an integrated network spanning over 30 countries and territories has invested 150,000 shares in our company Further Resonance Opportunities Fund Mauritius has invested 1,03,000 shares in our company “
Veeram Securities Limited has informed about its plan to convert Indian Exchanges into NBFCs, “This is in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the Board meeting held on 25th June, 2020. The company has been incorporated as an NBFC as per the decision. Further, necessary steps to be taken to obtain eligibility for bank licence.
Veeram Securities Share Price History
As mentioned above, Veeram Securities is one of the multibagger stocks in the Indian stock market. In the past month, this multibagger penny stock has rallied from 15.80 22.85 level, registering a growth of about 45 per cent in this period. This caught the attention of SEBI and the market regulator immediately sought clarification from the company board regarding its stock price movement.
Responding to SEBI’s clarification on the share price movement of Viram Securities, the company replied, “We wish to inform you that the Company has made all necessary disclosures in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.” are and have not been withheld. Any material information/event which in our opinion would have a bearing on the price behavior of the scrip. The company will continue to make applicable disclosures within the stipulated time. Hence, fluctuations in the share price of the company are purely is due to market conditions and completely market driven and the management of the company is not in any way associated with any such movement in price. You are requested to take this on record.”