Madhusudan Kela’s wife buys fresh stake in this small-cap multibagger NBFC
As per the company’s latest shareholding pattern available with the exchanges NSE and BSE, the ace investor as of the quarter ended September held 50.2 lakh shares, aggregating to a 5.3 per cent stake in the small-cap entity.
Veteran investor Madhusudan Kela’s wife Madhuri Kela in the recently concluded September quarter bought a fresh stake in BSE-listed NBFC firm Niyogin Fintech.
As per the company’s latest shareholding pattern available with the exchanges NSE and BSE, the ace investor as of the quarter ended September held 50.2 lakh shares, aggregating to a 5.3 per cent stake in the small-cap entity.
Niyogin Fintech, previously known as M3 Global Finance, is a Mumbai-based non-banking finance compnay (NBFC). The company offers loans and financing solutions to Indian MSMEs.
Shares of the fintech company in the last 1 year have zoomed over 70 per cent, while in the past 6 months, they have delivered a multibagger return to the tune of 110 per cent.
In trade on October 25, the scrip ended with a cut of over 1 per cent at Rs 71.74 per share on BSE.
In the June ended quarter, the company’s total revenue registered an increase year-on-year (YoY) to Rs 45.5 crore versus Rs 27.4 crore. Nonetheless, given higher operating expenses during the period, the company’s net loss increased by a margin to Rs 4.8 crore as against Rs 4.2 crore in the Q1FY23 period.
Besides, in the September quarter, the investor pared her holding in Repro India by 0.26 per cent, with her holding now at 3.33 per cent, valued at Rs 32.4 crore.
As per corporate shareholdings filed for the September quarter, Kela publicly holds 7 stocks with a net worth of over Rs 283.2 crore.
Other stocks in her portfolio include names like Sangam (India), IRIS Business Services, Indostar Capital Finance, Bombay Dyeing, and Kopran.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 10 PSU Stocks in 1 Year: Rs 1 lakh investment in top stock has given Rs 5.55 lakh post-tax returns
Gold and Silver rate today (May 23, 2024): Precious metal futures trade under pressure, yellow met below Rs 72,650, white metal near Rs 91,200
Gold and Silver rate today (May 21, 2024): Precious metal futures trade lower; yellow metal futures below Rs 73,750, white metal futures slips over 1%
SIP Investment, 15x20x12 Formula: How investing Rs 20K monthly can build a corpus of Rs 1 crore in 15 yrs | Know Calculation
SBI state bank of india Tax Saver FD With 80C Benefits: Rs inr 500000 investment in 5-year fixed deposit interest rate 2024 reward benefit guaranteed return income tax act nbfc
08:31 PM IST