India TV

NBFC stock hits upper circuit as company secures BSE's in-principle approval for proposed rights issue

Shares of non-banking financial company (NBFC) NCL Research and Financial Services ended the trading session in the green even as Indian equity indices ended marginally lower in the volatile session on August 14. While Sensex closed 70.71 points or 0.09 per cent lower at 78,009.25, the Nifty fell 29.85 points or 0.12 per cent at 24,366. Amid this, the stock ended at Rs 0.72, with a gain of 4.35 per cent. Earlier, the counter opened flat at Rs 0.69 but gained amid a spurt in volume by more than 3.40 times. The market cap of the company stood at Rs 77.06 crore.