DSIJ Mindshare

LIC-backed NBFC company’s Promoter group purchased 11,25,000 shares worth Rs 7.01 crore.

Back in March 2018, the stock was quoted at a modest Rs 313.25 per share, but today it is trading at a staggering Rs 1331.90 per share. If you had invested Rs 1,00,000 in 2018, you would have received 319 shares. Fast forward to today, and the value of those shares would be a whopping Rs 4,24,908! That's an incredible return on investment that any investor would be thrilled about.

The company is organised into two business segments – commercial lending division which is a non-digital lending arm of Kreon and digital lending division catering to advancement of loans via StuCred platform.   

Nifty Financial Services index has lost 2.69 per cent on a YTD basis whereas BSE Finance index dropped 3.83 per cent.  

Looking at the returns of the past three years, Nifty Financial Services index has gained 34.25 per cent vis-à-vis S&P BSE Financial Services, which climbed 27.31 per cent.