This Group B multibagger stock hit a fresh 52-week high today!

From Rs 66.30 to Rs 158.75: This NBFC delivered 139.44 per cent returns in a year.

The Indian stock markets that started on a green note have reversed and the S&P BSE is at 53,500.85, down by 13.3 points or 0.02 per cent. Amid this volatility, the share price of this multibagger has not only skyrocketed by 18.58 per cent but the scrip also touched a new 52-week high at Rs 189. The stock has a 52-week low of Rs 63.50 

On July 13, 2021, the share price of this company was Rs 66.30 and on July 13, 2022, it was Rs 158.75, registering a growth of 139.44 per cent.  

Moneyboxx Finance Limited is a Non-Deposit taking, Non-Systemically Important Non-Banking Financial Company registered with the Reserve Bank of India (RBI). It is a subsidiary of Moneyboxx Capital Private Limited and is engaged in the business of providing small-ticket business loans to micro and small enterprises. 

In a press release on July 12 the company announced that it is set to open a branch in Bhopal by the end of July 2022 and with that, it will have 12 branches in Madhya Pradesh. The move is in line with the company’s focus to tap potential regions and cater to the unmet credit needs of customers from smaller cities and towns in India. 

To date, this NBFC has transformed the lives of more than 15,000 borrowers out of which about one-third were women entrepreneurs and one-third were first-time borrowers with cumulative disbursements of over Rs 230 crore up to June 2022. 

At 12:40 pm, the share price of Moneyboxx Finance Limited is trading at Rs 188.25, witnessing a robust gain of 18.58 per cent from its previous close of Rs 158.75 on BSE.