Share India Securities

Share India Securities plans to issue up to 5,000 non-convertible debentures totaling ₹ 50 crore, with a green shoe option of 2,500 NCDs. Despite recent stock declines, the company’s long-term performance shows a 530% increase over five years.

Share India Securities announced that the company has fixed the date for the board meeting to consider and approve a fundraiser via foreign currency bond.

Multibagger stock: Share India Securities stock will be in focus of the stock market investors on Friday after the firm announced its second-quarter results, a second interim dividend and an acquisition move.

Share India Securities share price surged 20% after the finance committee approved ₹ 50 crore in Non-Convertible Debentures. This issuance aims to enhance funding capabilities and support growth, with a 10.50% interest rate, secured backing, and monthly interest payments.

The commodity exchange is raising ₹ 700 cr through preferential allotment to brokers, high-net-worth individuals and high-frequency traders as it looks to launch equity and derivative segments.

Stock Market Today: Fintech veteran Prabhakar Tiwari is set to launch Share India Securities-backed ‘Project Drone’, which is a WealthTech venture. Here are details about Project Drone

Dividend Stocks: Godrej Consumer Products, Mahanagar Gas, Share India Securities, Siyaram Silk Mills, Wheels India, Apcotex Industries, Great Eastern Shipping shares will remain in focus as will trade ex-dividend today

Stock to buy: Anand Rathi Investment Services recommends Share India Securities stock as its top pick for January. The brokerage sees a 12.5% upside for the stock.