Moneyboxx Finance rises on entering into strategic tie-up with Penny Fin-Tech Solutions
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Moneyboxx Finance is currently trading at Rs. 165.15, up by 0.70 points or 0.43% from its previous closing of Rs. 164.45 on the BSE.
The scrip opened at Rs. 164.65 and has touched a high and low of Rs. 168.90 and Rs. 160.00 respectively. So far 15188 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.00 on 07-Dec-2022 and a 52 week low of Rs. 125.25 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 170.00 and Rs. 158.60 respectively. The current market cap of the company is Rs. 417.28 crore.
The promoters holding in the company stood at 54.04%, while Non-Institutions held 45.96% stake in the company.
Moneyboxx Finance has entered into a strategic tie-up with a technology-based platform namely ‘Sikka’ -- a business unit under Penny Fin-Tech Solutions. This tie up is a collaboration between Moneyboxx Finance and Penny Fin-tech solutions to use Sikka App for lead generation pertaining to loans. Through this arrangement, the Company aims to source the loans through online mode and avail other services via the app.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
