₹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 name | Karnavati Finance |
---|---|
Promoter stake | 58% |
Public stake | 41.36% |
Promoters | Kush Ramanbhai Morzaria, Daxaben, Raman |
Kush’s ownership | 14.71% |
Raman’s ownership | 29.24% |
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 date | September 28, 2024 |
Annual report published | September 2024 |
Stock status | Extra Monitoring Measures (ASM) |
Penny stock criteria | Less than ₹30 |
Penny stock risk | High liquidity risk |
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