Multibagger stock below Rs 5: Investors should keep an eye on this penny stock!

Today, shares of the company saw a spurt in volume by more than 2.38 times on BSE.  

On Friday, BSE Sensex Index closed on a negative note, down 220.86 points or 0.37 per cent at 60,286.04.  

Despite being a weak market today, one of the Top Gainers on BSE, shares of PMC Fincorp Limited surged 20 per cent upper circuit to Rs 2.58 per share from its previous closing of Rs 2.15. At 3:30 p.m., the company's stock had ended the day in the green, up 18.60 per cent to Rs 2.55 per share.   

The company informed BSE that a meeting of the Board of Directors of the company will be held on Tuesday, February 14, 2023, inter-alia, to consider and approve the unaudited standalone financial results of the company for the quarter and nine months ended December 31, 2022. Today, shares of the company saw a spurt in volume by more than 2.38 times on BSE.  

PMC Fincorp Ltd was founded in 1985 with the goal of providing financial services. Its activities include corporate and personal finance, debt syndication, private placement and marketing of financial products and dealing & investing in the stock market.   

Talking about the financials, PMC Fincorp has a market cap of Rs 136.19 crore with 3 years CAGR of 83 per cent. In FY22, net sales rose by 35.87 per cent compared to FY21. In just two years, the stock returned 203.58 per cent, while the BSE Financial Services Index rose by only 11.58 per cent. Investors should keep an eye on this multibagger penny stock for upcoming trading sessions.