QGO Finance jumps on raising Rs 2 crore through NCDs
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QGO Finance is currently trading at Rs. 49.90, up by 1.07 points or 2.19% from its previous closing of Rs. 48.83 on the BSE.
The scrip opened at Rs. 50.99 and has touched a high and low of Rs. 51.00 and Rs. 48.26 respectively.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.71 on 09-Jun-2023 and a 52 week low of Rs. 21.50 on 24-Aug-2022.
Last one week high and low of the scrip stood at Rs. 56.00 and Rs. 47.00 respectively. The current market cap of the company is Rs. 34.69 crore.
The promoters holding in the company stood at 63.36%, while Non-Institutions held 36.64% stake in the company.
QGO Finance has raised Rs 2 crore through allotment of 200 Transferable Unsecured Non- Convertible Debentures (NCDs) of Rs 1,00,000 each. The said NCDs will mature on June 21, 2030 (within 7 years from the date of allotment).
QGO Finance is primarily engaged in financing construction projects, along with retail loans.
