MoneyWorks4Me

Paul Merchants shines as its arm raises Rs 2.81 crore through NCDs

30 Nov 2023 Evaluate

Paul Merchants is currently trading at Rs. 3080.70, up by 60.40 points or 2.00% from its previous closing of Rs. 3020.30 on the BSE.

The scrip opened at Rs. 3080.70 and has touched a high and low of Rs. 3080.70 and Rs. 3080.70 respectively. So far 97 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 3080.70 on 29-Nov-2023 and a 52 week low of Rs. 1050.00 on 03-Apr-2023.

Last one week high and low of the scrip stood at Rs. 3080.70 and Rs. 2961.10 respectively. The current market cap of the company is Rs. 316.70 crore.

The promoters holding in the company stood at 74.65%, while Non-Institutions held 25.35% stake in the company.

Paul Merchants’ Wholly Owned Subsidiary-- Paul Merchants Finance (PMFPL) has raised Rs 2.81 crore through the allotment of 28,100 Secured Non-Convertible Debentures (NCDs) of Rs 1000 each to 12 allottees on Private Placement basis. The Executive Committee of the Board of Directors of the company, in their meeting held on November 29, 2023, has approved allotment of the same. 

The company is engaged in to the business activities of providing financial services.


Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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