QGO Finance shines on getting nod to raise funds up to Rs 2 crore via NCDs
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Qgo Finance is currently trading at Rs. 38.69, up by 1.59 points or 4.29% from its previous closing of Rs. 37.10 on the BSE.
The scrip opened at Rs. 37.10 and has touched a high and low of Rs. 38.85 and Rs. 37.02 respectively. So far 869 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.95 on 28-Dec-2022 and a 52 week low of Rs. 20.90 on 20-Apr-2022.
Last one week high and low of the scrip stood at Rs. 42.49 and Rs. 37.01 respectively. The current market cap of the company is Rs. 26.90 crore.
The promoters holding in the company stood at 63.93%, while Non-Institutions held 36.07% stake in the company.
QGO Finance has received an approval for issuance of Unsecured, Unlisted, Redeemable, Non-convertible Debentures (NCDs) under Private Placement basis up to Rs 2 crore within the borrowing limits of the Company as approved by the shareholders. The Board of Directors of the Company at their meeting held on April 18, 2023 has approved the same.
QGO Finance is primarily engaged in financing construction projects, along with retail loans
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