RGF Capital Share Price Soars by 10% on Wednesday
On the third day of the week, Wednesday, May 29, the stock market was buzzing with activity. Despite the overall market sentiment, some penny stocks experienced a significant surge. One such stock is non-banking financial company RGF Capital Markets. Investors showed strong buying interest in RGF Capital Markets’ shares, causing a 10% jump.
On Wednesday, RGF Capital’s share price rose from the previous closing level of 0.66 paisa to 0.72 paisa. In November last year, the stock touched a high of 1.23 rupees, marking a 52-week high for the shares. However, in December, the stock fell to a low of 0.39 paisa, a 52-week low for the shares. On Thursday (May 30, 2024), the share was trading at 0.69 rupees, down 9.52%.
According to RGF Capital Markets’ shareholding pattern, the promoter holds a 24.98% stake in the company, while public shareholders hold 75.02%. The company’s promoter, Sagar Mal Nahat, owns a 6% stake or 89,98,655 shares. Sharp Investments holds a 4.71% stake, and Karwa Trade Private Limited holds a 3.47% stake.
In the quarter ending March 2024, RGF Capital Markets reported a net profit growth of 118.18% to 0.24 crore rupees, compared to 0.11 crore rupees in the same quarter last year. Sales for the quarter increased by 80% to 0.27 crore rupees, up from 0.15 crore rupees in March 2023. For the full year ending March 2024, sales increased by 93.75% to 0.31 crore rupees, compared to 0.16 crore rupees in March 2023.
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