Penny stock srestha finvest: There has been an uproar in the stock market for the last few days. In this environment investors are continuously incurring losses. However, some penny stocks have also made investors rich. One such share is also Shrestha Finvest. There is a rush to buy this share worth less than one rupee. Last Friday this share was worth 0.89 paise. Compared to a day earlier, the stock hit an upper circuit of 5 percent. Now investors will keep an eye on this stock on Monday also.
Board meeting on 9th October
In fact, the board of directors of the small-cap stock has fixed October 9, 2024 as the date for the board meeting to consider the proposal to raise funds. The company has informed the stock exchange about this decision. While informing BSE about the date of the board meeting on Friday, this non-banking financial company (NBFC) said – The board meeting will consider raising funds in one or more installments in compliance with the applicable provisions of law.
This small-cap penny stock was in the news last month for ex-split trading. The company board had announced a stock split in the ratio 1:2, and the stock split record date was fixed as September 23, 2024. Let us inform you that the company had fixed June 24, 2024 as the record date for its eligible shareholders.
It has been rising for a week now
This penny stock priced at less than Re 1 has been on the rise for the last one week. NBFC stocks hit upper circuits in all four sessions last week. Taking into account the price adjustment after the stock split on September 24, 2024, this penny stock has given 40% returns to its positional investors in YTD time. This small-cap penny stock has given 45% returns to its shareholders in one year.
Small-cap NBFC stocks are available for trading only on BSE. It ended on Friday with a market cap of ₹145 crore and trade volume of ₹2,16,96,699. Its 52-week high is ₹1.28 per share. Similarly, its 52-week low is ₹0.49 per share.
