Stock below Rs 20: Keep an eye on this stock, which was locked in the upper circuit on December 23

Today, the stock of this company was locked at 20 per cent at Rs 16.20.

One of the Top Gainers on the BSE today, shares of SRG Securities Finance Ltd surged and reached an upper price band of Rs 16.20 per share, after being locked in the 20 per cent upper circuit from its previous closing of Rs 13.50 per share. The company's stock price has increased significantly today, as a result of recent strong trading activity.

According to quarterly and annual financial statements, the corporation reported positive set of results. The company's compounded sales and profit growth rates over the last decade have been 10 per cent and 13 per cent, respectively. As of September 2022, the shareholding pattern is promoters holding 63.32 per cent and the public holding 36.68 per cent.

SRG Securities Finance Ltd is a non-bank finance company operating in the field of financing vehicles, construction and mining equipment and business loans. It is also into the financing of commercial vehicles, construction equipment, home loan, insurance and software development. Today, the shares of the company saw a spurt in volume by more than 2 times on BSE.

SRG Securities Finance Ltd has a market cap of Rs 7.26 crore. The company’s 52-week high is Rs 35.90 per share whereas its 52-week low is Rs 12.15 per share. Investors should keep an eye on this stock.