Advik Capital Ltd’s stock has surged by 36 per cent from its 52-week low of Rs 1.90 per share. Today, the company’s shares were locked in at Rs 2.58 per share, up 5 per cent from its previous closing of Rs 2.46. The stock has a 52-week high of Rs 4.35 and a low of Rs 1.90.
Advik Capital, a Non-Banking Financial Company (NBFC) with total assets worth Rs 200 crore, is aiming to become a Systematically Important Non-Banking Financial Company (SIB-NBFC) by 2025. The company is implementing an expansion strategy that involves diversifying its business offerings, exploring new sectors like healthcare, and enhancing existing operations. Advik Capital is also investing in resources to attract industry experts in risk management, operations, governance, and technology.
By achieving SIB-NBFC status, with a minimum asset requirement of Rs 500 crore, Advik Capital will be able to offer more complex financial products and strengthen its market position. The company’s recent launch of a Rs 250 crore Alternative Investment Fund (AIF) focused on new sectors and its acquisition of an Asset Reconstruction Company (ARC) will enable it to capitalize on India’s growing AIF and ARC markets. Recognition as a Systemically Important NBFC by the Reserve Bank of India will further establish its role in maintaining financial stability and provide access to specialized market segments.
Furthermore, Advik Capital has entered into a share purchase agreement for the acquisition of control and equity shares of Industrial Investment Trust Limited. The company has a market cap of Rs 110 crore and has shown strong profit growth of 70 per cent CAGR over the past 3 years. Its promoters own 21.80 per cent of the company, while the public holds a 78.20 per cent stake as of March 2024.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.