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Prime Securities is currently trading at Rs. 296.00, up by 3.65 points or 1.25% from its previous closing of Rs. 292.35 on the BSE.

The scrip opened at Rs. 286.70 and has touched a high and low of Rs. 300.40 and Rs. 286.70 respectively. So far 1507 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 359.20 on 11-Nov-2024 and a 52 week low of Rs. 152.25 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 313.25 and Rs. 285.10 respectively. The current market cap of the company is Rs. 986.45 crore.

The Institutions and Non-Institutions held 10.12% and 89.89% respectively in the company.

Prime Securities has acquired 41.68% stake in Ark Neo Financial Services, the Chennai-based fintech platform known as ‘DhanLAP’. Further, Prime will infuse capital into the company by subscribing to optionally convertible debentures. On conversion Prime’s holding will move above 50%. Prime’s total investment will be to the tune of Rs 700 lakh/Rs 70 million.

This acquisition is part of Prime Securities' broader strategy to diversify and strengthen its portfolio. Recently, the company expanded into the wealth management sector through its wholly owned subsidiary, Prime Trigen Wealth (PTWL). DhanLAP is a digital platform for instantly availing loans against financial products including mutual funds, shares, and insurance, for retail investors. It was launched in October 2021 and was a pioneer in this segment. The platform has established partnerships with leading lending institutions and is poised to meet the increasing demand for finance in India. 

Prime Securities is a Leading provider of diversified, Investment Banking and Corporate Advisory services, licensed and regulated by the Securities and Exchange Board of India (SEBI), authorized to Advise and Arrange financial services under a Category 1 Merchant Banking License and is head quartered in Mumbai, India.