Visagar Financial Services shines on planning to expand portfolio into media finance business
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Visagar Financial Services is currently trading at Rs. 1.08, up by 0.05 points or 4.85% from its previous closing of Rs. 1.03 on the BSE.
The scrip opened at Rs. 1.03 and has touched a high and low of Rs. 1.08 and Rs. 1.02 respectively. So far 4723840 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 1.49 on 04-Jan-2023 and a 52 week low of Rs. 0.61 on 23-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1.16 and Rs. 1.02 respectively. The current market cap of the company is Rs. 63.06 crore.
The promoters holding in the company stood at 5.44%, while Non-Institutions held 94.56% stake in the company.
Visagar Financial Services is planning to expand its portfolio into the media finance business. Leveraging its expertise in financial services and recognizing the immense potential in the mass consumed media and entertainment sector, the company aims to become a niche player in the media finance category.
The company is uniquely positioned to explore synergies with its sister concern and associated media companies. By pooling resources, knowledge, and networks, the company aims to create a comprehensive and seamless financial ecosystem catering to the specific requirements of Media & Entertainment clients. In its foray into the media finance domain, the company aims to offer tailored financing solutions to producers on a case-by-case basis. The company plans to collaborate closely with filmmakers to structure finance packages that align with their project's specific needs and financial objectives.
Visagar Financial Services is presently engaged in the business of bill discounting and in the business of trading in shares and securities.
