Multibagger Update: Shares of this company were locked in the upper circuit as it announces bonus shares and stock split; know the record date!

The stock gave multibagger returns of 473.99 per cent in just 6 months and over 724 per cent in 1 year.

Shares of Global Capital Markets Ltd, one of the Top Gainers on the BSE today, were locked in a 5 per cent upper circuit to Rs 35.53 a share from its previous closing of Rs 33.54. The stock had successive upward circuits in recent trading sessions.  

Global Capital Markets Ltd announced a sub-division/split in the face value of equity shares of Rs 10 to Rs 1 each, as well as the issuance of bonus equity shares in the ratio of 1:1. The company revised the record date to Monday, March 20, 2023.  

Global Capital Markets Ltd is a registered NBFC (Non-Banking Financial Company) and engaged in the business of finance and investments. In the financial year 2022-2023, the company announced that it will enter the bills discounting business, which will be either an anchor/shipper-lead model or a transportation-led model. These are small-ticket loans ranging from Rs 2 lakh to Rs 25 lakh given to small retailers against gold as gold loans.  

The market cap of Global Capital Markets Ltd is Rs 88.45 crore, with a 1-year CAGR of 685 per cent. In its quarterly and annual financial statements, the corporation achieved successful outcomes. When compared to Q3FY22, when the net profit was barely Rs 0.25 crore, it increased by a staggering 216 per cent to Rs 0.79 crore in Q3FY23.  

The stock gave multibagger returns of 473.99 per cent in just 6 months and over 724 per cent in 1 year. Investors should keep an eye on this multibagger NBFC stock.