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Multibagger stock up over 400% in 1 year explains 10:6 bonus shares


Global Capital Markets is a non-banking financial company (NBFC) operating in the financial industry. It is a small-cap company with a market capitalization of 75.50 cr. Bonus Shares have been approved by the Company for Eligible Shareholders and the record date for such Shares will be determined in due course.

“With reference to the above and pursuant to Regulation 30, Part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, it is hereby recorded that the Members at today’s meeting i.e. on 17 March 2023, , have approved the following companies, namely: 1. Change the terms of issue of Bonus Equity shares from Rs. 1/- each, in the ratio of 10:6 (ie bonus issue of 6 shares for every 10 shares held by members on the record date, to be decided in due course; 2. Seek approval from the members of the company for the items listed above, through EOGM scheduled for April 8, 2023 at 11:30 a.m. via Video Conferencing (VC) / Other Audio Visual Means (OAVM), “Global Capital Markets said in a public filing.

Compared to Q3FY22, the company posted a net profit of 15.25 Cr in Q3FY23 in contrast to 0.53Cr. The company reports that net expenses were 14.46 Cr for the quarter ended December 2022 as opposed to 0.28 Cr for the quarter ended December 2021. EBIT was 0.79 Cr during Q3FY23 in contrast to 0.25 Cr during the same period last financial year, according to Global Capital Markets. Global Capital Markets earnings per share rose to 0.32, while the company’s net profit to 0.79 Cr in Q3FY23 onwards 0.25 Cr in the same quarter of FY22.

Shares of Global Capital Markets closed 5% lower on Friday 30.33 each. The stock registered a total volume average of 44,131 shares and a deliverable volume of 100.00%. The stock has delivered a multibagger return of 740.17% over the past five years and a multibagger return of 5,622.64% over the past three years. The stock has delivered a multibagger return of 428.40% over the past year, but YTD it has plummeted 7.53% in 2023. 13.60%. The stock reached a 52-week high from 45.00 on (12/20/2022) and a 52 week low of 3.79 on (01/06/2022). The company reported that during Q3FY23, promoter ownership was 5.00% and public interest was 95.00%.

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Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.