Singapore-based FII remains steady in this small-cap financial stock
Small-cap stock at ₹50: TruCap Finance shares are one of those small-cap stocks, which is priced around ₹50 apiece levels. This small-cap financial stock is one of those rare stocks that are FII's favourite. Foreign institutional investors like Nomura Singapore and Aviator are long term investors in this small-cap stock which has a market cap of around ₹590 crore.
As per the shareholding pattern of the small-cap financial company for April to June 2023 quarter, Singapore-based FII, Nomura Singapore has remained steady in this small-cap company during Q1FY24. According to shareholding pattern of TruCap Finance Ltd for April to June 2023 quarter, Nomura Singapore holds 14,75,000 company shares, which is 1.27 per cent of total paid up capital of the company. Comparing TruCap Finance shareholding pattern of Q1FY24 with the shareholding pattern of the company for Q4Fy23, the Singapore-based FII is holding same 14,75,000 company shares or 1.27 per cent stake in the company.
This means, the FII has kept its faith in the company during April to June 2023 quarter despite share moving from around ₹45 apiece levels to ₹66.50 apiece levels in recently ended June 2023 quarter. However, other foreign investor Aviator Emerging Market Fund (EMF) booked partial profit in the small-cap stock after such sharp rise in the scrip. As per the latest shareholding pattern of the company, Aviator EMS holds 5.99 per cent stake in the financial company that stood at 6.07 per cent in March 2023 quarter.
TruCap Finance Ltd caters to the financing needs of MSMEs. The company's objective is to empower these enterprises by providing them with the necessary financial resources to grow and thrive. The small-cap financial company has disbursed around ₹2.61
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