Penny scrip under Rs 2: This micro-cap company is into expansion of business with BG Networks Pvt Ltd!
The stock is up by 25 per cent in 1 year, 73 per cent in 2 years and gave multibagger returns of over 150 per cent in a decade.
Anupam FinServ Ltd informed that in order to expand the company’s core business of lending, the Company has entered into an alliance agreement with BG Networks Pvt Ltd to utilize its extensive customer base and their digital platform for the management of advances, recoveries and risks for loans and finance granted to customers of BG Networks Pvt Ltd like Hospitals and their patients for the medical expenses and treatment.
Anupam FinServ Limited offers financial consulting services. The Company provides investment training, financial seminars organizing, and data publication services.
Talking about the financials, Anupam FinServ has a market cap of Rs 18 crore. According to the Quarterly Results, the net sales increased by 26.67 per cent to Rs 0.76 crore and net profit decreased by 6.25 per cent to Rs 0.15 crore in Q1FY24 compared to Q1FY23. The company reported net sales of Rs 2.53 crore and net profit of Rs 0.77 crore in FY23.
The stock is up by 25 per cent in 1 year, 73 per cent in 2 years and gave multibagger returns of over 150 per cent in a decade. Investors should keep an eye on this micro-cap NBFC stock.
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The shares of Anupam FinServ closed at Rs 1.55 per share on Thursday, unchanged from its previous closing. The stock traded in a range of Rs 1.52 to Rs 1.59 during the day. Anupam FinServ's 52-week high is Rs 3.19 and its 52-week low is Rs 1.33.
Investors should keep an eye on this micro-cap NBFC stock.