The Non-Banking Financial Company (NBFC) sector in India plays a vital role in providing financial services, including loans, asset management, and investment services, especially in areas under-served by traditional banks. The sector includes prominent players such as Bajaj Finance, HDFC Ltd., and Shriram Transport Finance. NBFCs are also involved in trading securities, with companies like Reliance Capital, ICICI Securities, and Kotak Mahindra Capital offering such services. With India’s growing middle class, increasing demand for credit, and favorable regulatory environment, the NBFC sector is expected to experience substantial growth, particularly in retail financing, securities trading, and infrastructure funding.
Share Price
The shares of Visco Trade Associates are currently trading at Rs. 127 up by 7% from its previous close of Rs. 118.26 as of December 31, 2024. The stock also touched an intraday high of Rs. 129.87.
Recent Updates
Promoter Nikita Goenka has acquired 5,416 shares from the open market, increasing her stake in the company to 1%. This move indicates a growing confidence in the company’s prospects, as promoters typically invest more when they believe in the long-term potential of the business.
Such acquisitions may also signal a commitment to the company’s future, which can be viewed positively by investors. The increase in stake could potentially lead to increased investor interest and positive sentiment towards the company.
About The Company
Incorporated in 1983, Visco Trade Associates Ltd is a Non-Banking Financial Company (NBFC) that primarily focuses on investment and trading in shares and securities, as well as providing loans and advances. The company invests in various financial instruments, including shares, stocks, debentures, bonds, and other securities issued by companies in India.
Additionally, Visco Trade offers both short-term and long-term loans, providing credit to individuals or associations against collateral such as land, buildings, machinery, shares, debentures, government securities, life insurance policies, and stock-in-trade. The company operates under a non-deposit-taking NBFC model.
Written By: Dipangshu Kundu
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