Global Capital Markets Ltd to expand loan portfolio, expand business

The Board of directors of Global Capital Markets Ltd in its meeting held today, have discussed of various other avenues for expanding the business. The Board had discussed about getting into the business of Bills Discounting which would be either anchor/shipper lead model or transportation led model. This would be small ticket sized loans ranging from Rs. 2 lakh to Rs. 25 lakh.

The Board is determined to diversify its loan portfolio and concentrate or retail lending so as to have margin expansion of the funds employed.

The Board has also discussed about getting into financing against Gold to small retail borrowers which can be called to be a business of "Gold Loan".

Shares of GLOBAL CAPITAL MARKETS LTD. was last trading in BSE at Rs. 32.80 as compared to the previous close of Rs. 31.25. The total number of shares traded during the day was 81522 in over 434 trades.

The stock hit an intraday high of Rs. 32.80 and intraday low of 29.70. The net turnover during the day was Rs. 2491065.00.

Source : Equity Bulls

Keywords

GLOBALCAPITALMARKETS INE062C01034 Finance NBFCs NewBusinessForay BusinessExpansion GoldLoan BillsDiscounting