PMC Fincorp Share Price Sees Upward Trend
📈 After a day of ups and downs in the business world, the share market closed on Tuesday with a downturn. The BSE Sensex closed at 75,170 with a decline of 220 points, while the Nifty closed at 22,888 with a decrease of 44 points. However, amidst this, PMC Fincorp Limited’s shares hit an upper circuit. During the day’s trading on the BSE, the share rose by 20% to reach Rs 3.99. This is the stock’s 52-week high, with a low of Rs 1.40 in the same period. In the previous trading session, the share had closed at Rs 3.33.
Company’s Quarterly Results Announcement
📊 The company had announced its quarterly results last Monday. The company’s net sales were Rs 5.80 crore, showing a growth of 131% compared to the same period last year. The net profit stands at Rs 3.85 crore, an increase of 772.47% compared to the same quarter last year. The EBITDA is Rs 5.47 crore, which is 575.31% higher than the previous year’s corresponding period. On Friday (May 31, 2024), the share was trading at Rs 4.59, up by 0.88%.
Upcoming Board Meeting and Funding Options
📅 The company stated that the board of directors’ meeting will be held on June 5. Apart from other agenda items, discussions will also be held on raising funds. Options such as rights issue or preferential issue may be considered. Additionally, other methods like equity shares/convertible securities may also be deliberated. Furthermore, to prevent insider trading, the trading window for dealing in the company’s securities will be closed for 48 hours after the announcement of the results.
Shareholding Pattern and Promoter Stake
📊 In terms of shareholding pattern, the promoter holds a 20.03% stake in the company, while public shareholders have a 79.97% stake.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
