ट्रेंडिंग न्यूज़

₹2 Finance Stock Jumps 10%; Promoters Hold 58% Stake; Meeting in September


Karnavati Finance Ltd Share: On the very first trading day of the week, certain penny shares also witnessed an impressive increase in value amid the turbulent rise in the market for stocks.

One of these penny shares is that of Karnavati Finance Limited. The closing price of the penny share was Rs 2.21.

In the same period, in Monday when the price was up over 10 percent to Rs 2. The stock ended the day at Rs 2.43 with an increase of 9.95 percent.

In June of 2024, the stock was trading at the 52-week peak of Rs 3.10. Then that day, on October 6, 2023, the price was at an all-time low of Rs 1.90.

Details Of Shareholding Pattern

Regarding the shareholding patterns for Karnavati Finance Limited, the promoter’s stake is 58 percent. In addition, the shareholding of the public of the company is 41.36 percent.

The Promoters of the company are Kush Ramanbhai Morzaria, Daxaben, and Raman. Kush has an ownership stake that is 14.71 percent. However, Raman holds 29.24 percent part.

Meeting To Be Held

On September 5th, Karnavati Finance Limited informed the stock exchange that the 40th Annual General Meeting was scheduled for September 28th, 2024.

In September, the firm published its annual report.

Stock Exchange Monitoring

The shares of Karnavati Finance Limited have been put in Extra Monitoring Measures (ASM).

In addition to being a part of the Securities and Exchange Board of India (SEBI) the stock exchanges also make such measures to safeguard the interest of investors.

Two types of stock exchanges are short-term and long-term.

What Is A Penny Stock?

The penny stocks comprise shares held by small public companies that are typically traded on stock exchanges for an amount less than 30 rupees.

Penny stocks can be extremely risky because of their low liquidity.

Quick Fact

Company nameKarnavati Finance
Promoter stake58%
Public stake41.36%
PromotersKush Ramanbhai Morzaria, Daxaben, Raman
Kush’s ownership14.71%
Raman’s ownership29.24%
Closing price₹2.21
Price rise (Monday)10%
Price after rise₹2
Price at day’s end₹2.43
52-week peak (June 2024)₹3.10
All-time low (October 2023)₹1.90
40th AGM dateSeptember 28, 2024
Annual report publishedSeptember 2024
Stock statusExtra Monitoring Measures (ASM)
Penny stock criteriaLess than ₹30
Penny stock riskHigh liquidity risk

Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.

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A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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