Before the meeting, Panafic Industrials Limited’s shares did well on Friday. The price of these shares went up by 10 percent, reaching Rs 1.68.
This is close to its highest price in the past year, which was Rs 1.70 in January.
Compared to the stock market index, NBFC shares did quite well this year, rising by 55 percent.
In the last week alone, the stock went up by more than 15 percent.
Regarding ownership, the company’s promoters own 1.82 percent of the shares, while the public owns the rest.
Earlier this year, the promoters’ stake was at 14.50 percent but has since decreased.
The promoters are four individuals: Sarita Gupta, Saroj Gupta, Anil, and Rajeev Gupta.
The company announced that a board meeting will take place on February 13th to discuss and approve the company’s results for the December quarter, along with other decisions.
As for the overall stock market, it bounced back on Friday after a big drop on Thursday.
Both the Sensex and Nifty closed positively after Thursday’s significant fall, with the Sensex dropping more than 700 points and Nifty falling by more than 210 points.
