Emerald Finance is currently trading at Rs. 24.60, up by 0.29 points or 1.19% from its previous closing of Rs. 24.31 on the BSE.
The scrip opened at Rs. 25.74 and has touched a high and low of Rs. 25.74 and Rs. 24.32 respectively. So far 25742 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.00 on 17-Jan-2023 and a 52 week low of Rs. 18.05 on 04-Oct-2023.
Last one week high and low of the scrip stood at Rs. 28.90 and Rs. 23.25 respectively. The current market cap of the company is Rs. 77.14 crore.
The promoters holding in the company stood at 67.80%, while Institutions and Non-Institutions held 0.71% and 31.50% respectively.
Emerald Finance has raised a Term Loan of Rs 15 crore from State Bank of India (SBI) for further expansion of its business. The funds shall be mainly utilized for its distinctive and unique Earned Wage Access Program. This program provides the facility to the employees of India’s leading corporates to access part of their salaries seamlessly throughout the month. This product entails tying up with employers to offer short term loans to their employees.
As a Non-Banking Financial Company (NBFC) Emerald Finance is involved in providing financial services with a paramount focus on small and medium enterprises (SMEs) in corporate and non-corporate sector.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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