This Multibagger diversified financial company is in focus after Societe Generale emerged as the buyer for a Bulk deal. Further, it received orders worth Rs. 63.47 Crore.
With a market capitalisation of Rs. 14,109 Crore, the stock of Choice International opened at Rs. 707.65, around the same level as yesterday’s close, and after opening, it made a high of Rs. 708.95, up 0.43 percent. Additionally, the Yearly return for the stock is 100 percent, and the past 5-year return is an impressive 840 percent.
Stake Buy
BNP Paribas Financial Markets has sold 1,100,000 shares in Choice International at an average price of Rs. 705.20, and Societe Generale has bought 1,100,290 shares at an average price of Rs. 705.20 per share, which is Rs. 77.59 Crores worth of shares. Before the stake sale, BNP Paribas already held 40,01,631 shares in the company.
Additionally, Choice Consultancy Services won a Rs. 52.80 crore project under Maharashtra’s Maha STRIDE program to set up District Strategic Units over five years. It also emerged as the top bidder for a Rs. 10.67 crore urban consultancy project in Odisha covering 58 local bodies.
Established in 1993 & headquartered in Mumbai, Choice International Limited is a diversified financial services company. It operates across multiple verticals, including broking and distribution, NBFC lending, and financial advisory.
Through its subsidiaries like Choice Equity Broking Pvt Ltd and Choice Finserv Pvt Ltd, the company offers stockbroking, wealth management, insurance, MSME loans, solar finance, and investment banking services. The company has over 13 Lakh clients and 53,000+ trained business associates and is among India’s top 20 brokers.
The company reported a 17.67 percent YoY increase in revenue from Rs. 215 Crore in Q4FY24 to Rs. 253 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 21.05 percent in revenue from Rs. 209 Crore in the previous quarter.
Their Net profit saw an increase of 38.46 percent YoY from Rs. 39 Crore to Rs. 54 Crore for the same period. On a QoQ basis, the company reported an increase of 74.19 percent in Net profit from Rs. 31 Crore in the previous quarter.
Written By Abhishek Das
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