Share price of this NBFC stock moved up by nearly 4.34 percent to Rs. 29.55 in the morning trading session of Thursday, compared to the previous closing price of Rs. 28.32, after the Board of the company approved the fund-raising proposal.
With a market capitalisation of Rs. 10.6 crores, at 11:47 a.m. the shares of S I Capital & Financial Services Ltd. were trading in the green at Rs. 29.45, up by nearly 4%.
In the last one year, the company has delivered negative returns of about 29.35 percent and around 7.8 percent of returns in the last six months. So far in 2024, it has given negative returns of around 4.56 percent.
According to recent regulatory filings with the BSE, the Board of Directors of S I Capital & Financial Services approved the fund-raising proposal up to a maximum amount of Rs 39 lakh.
The fund will be raised by way of issuance of Secured Unlisted Redeemable Non-Convertible Debentures through private placement, with tenure up to a maximum of 60 months with a 12% interest rate payable on a monthly basis.
In terms of financials, the company’s revenue from operations grew by 20 percent QoQ from Rs. 0.4 crore in Q2 FY22-23 to Rs. 0.48 crore in Q2 FY23-24.
However, the net profit of the company is Rs. -0.19 crore in Q3 FY23-24, a decline of 72.7 percent on a quarter-on-quarter basis from a loss of Rs. 0.11 crore in Q2 FY23-24.
SI Capital & Financial Services Limited, a subsidiary company of Sharewealth Securities Limited, is a Non-Deposit Taking NBFC and a Full-Fledged Money Changer.
The company is engaged in the business of providing financial services to its clients and operates under the License of the Reserve Bank of India.
Written by Shivani Singh
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