Do you own this non-banking financial company that soared 72 per cent in just five days?

It is a non-deposit-taking NBFC, registered with RBI. Keep a close eye on this scrip that may turn into a multi-bagger soon!

On Wednesday, heavy buying was seen in the case of Dhanvarsha Finvest Ltd as the scrip surged over 19 per cent to Rs 109.00 per share on NSE and also, witnessed a spurt in volume by more than 7.80 times on BSE. The shares of Dhanvarsha Finvest Ltd soared over 72 per cent in just five trading sessions! In a one-month time period, the stock has surged nearly 35 per cent.  

Considering the company’s financial performance, it recorded net sales and other operating income of Rs 75.74 crore thereby, posting strong growth of 155.79 per cent from Rs 29.61 crore registered in FY21. FY22 recorded a net profit of Rs 3.98 crore in comparison with the net profit of Rs 1.30 crore in the previous year, surging 206.15 per cent.  

Promoters held a 65.14 per cent stake in the company as of March 31, 2022. Institutional investors have a total stake of 2.92 per cent, out of which, foreign institutional investors (FIIs) owned 2.83 per cent. Non-institutional investors have a total stake of 31.94 per cent.  

Dhanvarsha Finvest Ltd is a non-deposit-taking NBFC, registered with RBI. It is engaged in providing financing services to MSMEs and individuals.  

Keep a close eye on this scrip that may turn into a multibagger">Multi-bagger soon!