QGO Finance shines on getting nod for issuance of NCDs up to Rs 1 crore
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QGO Finance is currently trading at Rs. 24.50, up by 0.50 points or 2.08% from its previous closing of Rs. 24.00 on the BSE.
The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 24.50 and Rs. 23.50 respectively. So far 347 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.50 on 27-Sep-2021 and a 52 week low of Rs. 19.65 on 09-Mar-2022.
Last one week high and low of the scrip stood at Rs. 26.40 and Rs. 23.35 respectively. The current market cap of the company is Rs. 16.83 crore.
The promoters holding in the company stood at 63.93% and Non-Institutions held 36.07%.
QGO Finance has received an approval for the issuance of Unsecured, unlisted, redeemable, Non-convertible Debentures (NCDs) under Private Placement basis up to Rs 1 crore within the borrowing limits of the Company as approved by the shareholders. The Board of Directors of the Company at meeting held on September 07, 2022 considered and approved the same.
QGO Finance is primarily engaged in financing construction projects, along with retail loans.
