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Multibagger stock rallies 400% in 6 months, record date for 1:1 bonus issue and stock split fixed


Global Capital Markets Ltd is a small-cap company having a market cap of 84.24 Cr and the company deals in the financial services sector as a Non-Banking Financial Company (NBFC). The company has typically been in the business of investing in stocks and securities and providing short- and long-term loans. All of the company’s financial operations are managed by its group business, M/s. GCM Securities Ltd is a member of the National Stock Exchange and the Bombay Stock Exchange. During its last closing price on Monday, the stock hit a 5% upper circuit as the Board of Directors of Global Capital Markets announced record date for 1:1 bonus shares and stock split.

Global Capital Markets said in a stock exchange filing on Monday that the “Company has fixed Record date of 16th March 2023 for subdivision in face value of Equity Shares of 10/- to 1/- each and issue of Bonus Equity Shares in the ratio of 1:1, under Regulation 42 of SEBI LODR Regulations, 2015. The details of the same are as under Scrip Code: 530263 ISIN Code: INE062C01034 Record Date: March 16, 2023 Purpose: Sub-division in Face Value of Equity Shares & Issue of Bonus Equity Shares in the ratio of 1:1.”

During Q3FY23, the company posted a net income of 15.25 Cr compared to 0.53 Cr posted in Q3FY22. The company said its net expenses reached 14.46 Cr during the quarter ended December 2022 compared to 0.28 Cr posted during the quarter ended December 2021. Global Capital Markets said its EBIT stood at 0.79 Cr during Q3FY23 vs 0.25 Cr posted in the year-ago quarter. The company’s net profit reached 0.79 Cr in Q3FY23 compared to 0.25 Cr posted in the same quarter last year, whereas the EPS of Global Capital Markets reached 0.32 during Q3FY23.

On Monday, the shares of Global Capital Markets closed on the BSE at a 5% upper circuit limit of 33.84 apiece level. The stock recorded a volume average of 1,10,368 shares and a deliverable volume average of 77,874 shares. The stock price has climbed from 3.80 to the current market price in the previous 5 years, resulting in a multibagger return of 790.53%. In the last 3 years, the stock price has risen from 0.53 to the current market price, logging in a multibagger return of 6,284.91%. 

The stock price has climbed from Rs. 4.31 to the present market price in the previous year, resulting in a multibagger return of 685.15%. On a year-to-date basis, the stock has gained 3.17%, and in the previous six months, the stock price has gained from 6.19 to the current market price, representing a 446.69% multibagger return. The stock has gained 21.95% in the past month and 21.51% in the previous five trading sessions. 

The stock touched a 52-week-high of 45.00 on (20/12/2022) and a 52-week-low of 3.79 (01/06/2022), indicating that at the current market price, the stock is trading 24.80% below the 1-year high and 792.87% above the 1 year low. During Q3FY23, the company recorded a promoter shareholding of 5.00% and a public stake of 95.00%.

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