Multibagger scrip under Rs 100: Heavy buying in micro-cap stock as Board announces SME to Main Board move!
The stock is up by 35 per cent year to date and gave multibagger returns of over 100 per cent in 2 years.
Today, one of the Top Gainers on BSE, shares of SecMark Consultancy Ltd gained per cent to an intraday high of Rs 92 per share from its previous closing of Rs 78.50. The shares of the company saw a spurt in volume by more than 9 times on BSE.
The National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange of India (BSE) has granted in-principal approval to SecMark Consultancy Ltd for the migration of trading of 1,03,70,500 equity shares of Rs 10 each of the company from the SME Platform of the Bombay Stock Exchange (BSE) to the Capital Market Segment (Main Board) of NSE.
This approval is granted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018.
Once the company has submitted its listing application including an equity listing agreement with Rs 20,000 of initial listing fees and annual listing fees for the financial year 2023-2024, the NSE will issue final approval for the migration of trading in the company's equity shares to the Capital Market Segment (Main Board) of the NSE.
About the Company - Incorporated in 2011, SecMark Consultancy Ltd helps its clients set up businesses, get regulatory registrations, assist in finance, risk management, compliance, taxation and legal matters, litigation & arbitration, system audit, forensic audit, HR services, IT & infra management, developing software applications.
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According to the financials, the company has a market cap of Rs 92 crore. As of August 2023, the promoters of the company own a 74.99 per cent stake while the rest of the stake is owned by the public (25.01 per cent).
The stock is up by 35 per cent year to date and gave multibagger returns of over 100 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.