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Goyal Associates gains on entering into tie up with Softspin Technologies

17 Nov 2020 Evaluate

Goyal Associates is currently trading at Rs. 1.15, up by 0.01 points or 0.88% from its previous closing of Rs. 1.14 on the BSE.

The scrip opened at Rs. 1.19 and has touched a high and low of Rs. 1.19 and Rs. 1.15 respectively. So far 94 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.88 on 22-Nov-2019 and a 52 week low of Rs. 0.29 on 03-Jun-2020.

Last one week high and low of the scrip stood at Rs. 1.33 and Rs. 1.10 respectively. The current market cap of the company is Rs. 5.59 crore.

The promoters holding in the company stood at 10.65%, while Institutions and Non-Institutions held 0.02% and 89.33% respectively.

Goyal Associates has entered into a tie up with Softspin Technologies for providing small ticket sized loans online. The company plans to gradually scale up the operations over the coming 12 months and will begin with an asset base of Rs 1 crore for disbursement of the said loans using the online Platform developed by the vendor, Softspin Technologies. The company expects the venture to become profitable over the period of 12 months and deliver positive returns adjusted for any NPAs post the said 12 month period.

Goyal Associates operates as a non-banking financial services company.

Goyal Associates Share Price

0.85 0.00 (0.00%)
16-Apr-2026 16:59 View Price Chart
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