Ace investor Ashish Kacholia added SG Finserve to his portfolio during the June quarter. As per the latest shareholding data, Kacholia bought 4.96 lakh shares of the company during the quarter.
With a market cap of around ₹2,380 crore, the small-cap company is a non-banking finance company (NDFC) that caters to supply chain financing solutions for Indian conglomerates. Kacholia’s 1.2% stake is worth ₹28.7 crore.
The company earlier in the month declared its results for the quarter that ended in June. The NBFC’s profits for the quarter stood at ₹15.6 crore. The lender’s net interest income (NII) – the difference between the income a bank makes from its lending activities and the interest it pays to depositors – was at ₹23.51 crore.
In the past year, the stock has gone up over 280%.
Price Action: SG Finserve’s share price was up 0.40% to trade at ₹582.80.
Read Next: Why This Large Cap Defence Stock Is Shooting Up Today
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.