One of the micro-cap NBFC stocks engages in fund-based activities, including mutual fund distribution, life insurance services, and various loan services. The stock has jumped a 5 percent upper circuit after the company’s board to considers a share split of 10:1 and fundraising.
Stock Price Movement
With a market capitalization of Rs. 65.21 crores, the shares of Oasis Securities Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 352.85 per share on Thursday, up from its previous closing price of Rs. 336.10 per share. Since then, the stock has retreated and hit a 5 percent lower circuit of Rs. 319.30.
What Happened
Oasis Securities Limited’s board has approved a stock split, converting one equity share of Rs. 10 each into 10 equity shares of Re. 1 each. This decision is subject to shareholder approval and other necessary regulatory clearances.
Additionally, the company has also approved an investment of up to Rs. 1.50 crore in equity shares of Sodhani Academy of Fintech Enablers Ltd., which shares common promoters with Oasis Securities.
Furthermore, the board has greenlit a rights issue to raise up to Rs. 49 crore by issuing equity shares to eligible shareholders. The detailed terms and procedure for the rights issue will be provided in the letter of offer to be sent to shareholders once the record date is announced.
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Services Offering
Oasis Securities Limited provides services such as brokerage for securities trading, tailored investment advisory, wealth management for individuals and institutions, market research and analysis, and asset management, focusing on optimizing returns based on client goals and investment strategies.
Recent quarter results
Oasis Securities Limited’s revenue has decreased from Rs. 0.95 crore in Q2 FY24 to Rs. 0.11 crore in Q2 FY25, which is down by 88.42 percent. The net profit of Oasis Securities Limited has also down by 60.61 percent, from Rs. 0.66 crore in Q2 FY24 to Rs. 0.26 crore in Q2 FY25.
Written By – Nikhil Naik
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