Geojit Financial Services surges as its arm launches loan against mutual fund

05 Apr 2023 Evaluate

Geojit Financial Services is currently trading at Rs. 43.00, up by 0.44 points or 1.03% from its previous closing of Rs. 42.56 on the BSE.

The scrip opened at Rs. 42.61 and has touched a high and low of Rs. 43.80 and Rs. 42.61 respectively. So far 16248 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 71.95 on 27-Apr-2022 and a 52 week low of Rs. 39.10 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 47.00 and Rs. 39.10 respectively. The current market cap of the company is Rs. 1032.88 crore.

The promoters holding in the company stood at 54.67%, while Institutions and Non-Institutions held 1.88% and 43.44% respectively.

Geojit Financial Services’ subsidiary -- Geojit Credits has launched Loan Against Mutual Fund (LAMF). Under the scheme, the investors can avail loans starting from Rs 10,000 in digital mode. A LAMF allows investors to raise instant funds at attractive interest rates for their short-term liquidity requirements by keeping their mutual fund investments as collateral.

This newest product, digital Loan Against Mutual Fund will be of great help to investors who can avail loans at competitive rates and not redeem their MF investments, which is part of their long-term wealth creation and investment plan.

Geojit Financial Services offers wide range of investments options in equity, futures and options, IPOs and mutual funds. The company offers clients daily SMS alerts, market pointers, periodical research reports, stock recommendations and customer meets organized frequently.

Geojit Finl. Service Share Price

98.25 -0.84 (-0.85%)
03-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
ICICI Securities 742.40
Angel One 2577.55
Motilal Oswal Fin 2370.45
SMC Global Sec. 167.60
Share India Sec. 1569.00
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