Srestha Finvest has shown significant upward movement in its stock price, recently increasing by 5% to ₹0.93 from ₹0.89. Over the past year, the stock has appreciated by more than 46%, with a year-to-date increase of 43.75%. The stock’s price has fluctuated between ₹0.49 and ₹1.28 over the past 52 weeks. Currently, the company has a market capitalization of ₹150.88 crore.
Recent developments include the company’s board approving a Qualified Institutional Placement (QIP) to raise ₹100 crores by issuing equity shares at ₹1 each, with a premium of ₹0.05 per share. This move aims to enhance liquidity and support growth initiatives. Additionally, Srestha Finvest plans to split its existing shares in a 1:2 ratio, making it more accessible to retail investors.
The financial results for Q1 FY25 have been impressive, with a staggering 1,634% year-on-year revenue growth to ₹3,950 lakh from ₹227.80 lakh in the same quarter of FY24. Net profit also saw a significant rise from ₹43.90 lakh to ₹3,100.62 lakh, marking a remarkable increase of 6,963% year-on-year.
Established in 1985, Srestha Finvest is a financial services company that offers a range of services, including loan financing and investments. It operates as a Category B Non-Systemically Important Non-Deposit Accepting NBFC-Investment and Credit Company, enabling it to provide loans against various forms of collateral.
These developments suggest a proactive approach by Srestha Finvest to strengthen its financial position and expand its market presence.
Disclaimer: This response is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and past performance is not indicative of future results. Always conduct your research and consult with a financial advisor before making investment decisions. The information provided here is based on publicly available sources and may not reflect the most current developments.
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