This Micro-cap stock engaged in providing integrated cash logistics services, including cash pick-up, delivery, processing, currency management, and cash-in-transit solutions across multiple sectors in India, hit a 20 percent upper circuit after Rs. 13 crore worth of shares changed hands through the bulk deal.
Stock Price Movement:
With a market capitalization of Rs. 618.48 crores, the shares of Radiant Cash Management Services Limited hit a 20 percent upper circuit of Rs. 61.53 per share on Monday, up from its previous closing price of Rs. 51.28 per share.
What is the news?
On March 28, 2025, BNP Paribas Financial Markets acquired 25 lakh shares of the Radiant Cash Management Services Limited at an average price of Rs. 50.90, amounting to Rs. 12.72 crore. On the other hand, Ascent India Fund III sold 34.7 lakh shares at an average price of Rs. 51.10, totaling Rs. 17.73 crore.
Service Offerings:
The company offers various cash management services to make business operations easier. Their services include cash pick-up and delivery, ATM management, bullion transfers, and cash van rentals. The company focuses on providing secure, efficient, and cost-effective solutions, ensuring smooth and reliable cash handling for businesses.
Strategic Focus:
Radiant Cash Management Services focuses on technology to improve operations through ERP systems and API integrations. By streamlining processes and enhancing service delivery, the company strengthens its position in India’s cash management sector with a commitment to innovation and efficiency.
Recent quarter results:
Radiant Cash Management Services Limited’s revenue has increased from Rs. 100 crore in Q3 FY24 to Rs. 106 crore in Q3 FY25, which has grown by 6 percent. There is no change in net profit as it remains exactly Rs. 12 crore in Q3 FY24 and Q3 FY25, indicating flat growth year over year.
Written By – Nikhil Naik
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