This Small-cap NBFC stock re-listed on Friday, hits back-to-back upper circuit, do you own it?

Within minutes of the opening bell, the share price of Shree Securities increased and went to touch the 5 per cent upper circuit, reaching an intraday high of Rs. 25.70 per share.

Shree Securities share has been touching high circuit for the past three sessions since exiting stage-3 GSM framework. From last Friday, the Small-Cap stock resumed trading on the BSE. Within minutes of the opening bell, the share price of Shree Securities increased and went to touch the 5 per cent upper circuit, reaching an intraday high of Rs. 25.70 per share.

Shree Securities current market value is Rs. 195.51 crore. When comparing the share price of Shree Securities today to its close price on September 6, 2021 on the BSE, the stock has increased by 65 per cent in just three trading sessions. 

A digital money lending and open crowd financing platform specifically created for small home run businesses and early-stage startups, will apparently be launched by Shree Securities as part of their strategy to resume their operations in India. They have embraced the digital space in a way that has been unseen in recent years. They intend to collaborate with a number of FinTechs to develop an unrivalled and unthinkable innovation in the area of credit for startups and small businesses.  

In order to enter the European Economic Area, where they may locate their potential clients, Shree Securities is actively attempting to onboard foreign investors and banks. 

To conclude, it is important to note that the government has given all NBFCs that went digital, a lot of support with favourable legislation and that this industry is undervalued in relation to the economic boom India is about to experience in the near future.