During Thursday’s trading session, the shares of a company engaged in the business of investment and trading of shares and providing loans surged nearly 8 percent on BSE, after the company’s Board approved a bonus issue in a 5:4 ratio.
Price Movement
With a market capitalisation of Rs. 192.2 crores, the shares of Gamco Limited closed in the green at Rs. 80.05, up by around 5.2 percent, as against its previous closing price of Rs. 76.1.
The stock has delivered positive returns of nearly 54.5 percent in the last six months, but around 28.3 percent of negative returns in the last one month.
What’s the News
According to the latest regulatory filings with the BSE, Gamco Limited announced that its Board has approved the issue of bonus shares in a 5:4 ratio.
On 20th February 2025, the Board of Gamco proposed the issuance of bonus shares in a 5:4 ratio, meaning that eligible shareholders will receive 5 new fully paid-up equity shares of Rs. 2 each for every 4 existing fully paid-up equity shares of Rs. 2 each held as on the record date.
Also read: Auto ancillary stock jumps over 6% after promoters increases their stake in the Co.
Financials
The company experienced a decline in its revenue from operations, showing a year-on-year fall of 92 percent from Rs. 67.74 crores in Q3 FY24 to Rs. 5.43 crores in Q3 FY25.
Similarly, its net profit decreased during the same period from a profit of Rs. 11.88 crores to a loss of Rs. 4.93 crores.
About the Company
Gamco Limited, previously known as Visco Trade Associates Limited, is a Non-Banking Financial Company (‘NBFC’ Non-Deposit) engaged in the business of investment and trading of shares and providing loans. The company is registered as a NBFC with effect from 16th May 1998.
Written by Shivani Singh
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