Don't miss action in this multibagger stock that has announced bonus shares and stock split!

The stock gave multibagger returns of 247.47 per cent in just 6 months whereas BSE Small-Cap Index was down over 5 per cent.

On Thursday, one of the Top Gainers on BSE, shares of Global Capital Markets Ltd was locked in a 5 per cent upper circuit to Rs 33.01 per share from its previous closing of Rs 31.44. In recent trading sessions, the stock had hit back-to-back upper circuits.     

Global Capital Markets Ltd announced a sub-division/split in face value of equity shares of Rs 10 to Rs 1 each and the issue of bonus equity shares in the ratio of 1:1. The company verified the record date as Thursday, April 20, 2023.    

Global Capital Markets Ltd is a registered NBFC (Non-Banking Financial Company) and engaged in the business of finance and investments. In the financial year 2022-2023, the company announced that it will enter the bills discounting business, which will be either an anchor/shipper-lead model or a transportation-led model. These are small-ticket loans ranging from Rs 2 lakh to Rs 25 lakh given to small retailers against gold as gold loans.    

Talking about the numbers, Global Capital Markets Ltd has a market cap of Rs 82.17 crore with a 3 years CAGR of 932 per cent. The company reported positive results in both quarterly and annual financial statements. In Q3FY22 when the net profit was only Rs 0.25 crore, it skyrocketed 2,777 per cent to Rs 15.24 crore in Q3FY23. The net profit skyrocketed to 216 per cent in Q3FY23 over Q3FY22.    

The stock gave multibagger returns of 247.47 per cent in just 6 months whereas BSE Small-Cap Index was down over 6 per cent. Investors should keep an eye on this multibagger NBFC stock.