This BSE NBFC stock is hitting new life time high on 7th consecutive trading session on August 30

From Rs 8 to Rs 257.80, this small-cap NBFC has risen 3122% in just 2 years. 

The shares of Available Finance Ltd are gaining strength on BSE logging new highs in seven consecutive sessions while hitting the upper circuit in six of these sessions.

On August 30, shares of Available Finance have climbed to a new life-time high of Rs 257.80 apiece levels on BSE and is locked in upper circuit of 5%. The new all-time high of Rs 257.80 overwrites yesterday’s all time high of Rs 245.55. 

This bull rally in this stock has resulted in a gain of 30% in last one week, while the monthly gain is a mindboggling 72%. From Rs 8 to Rs 257.80, this NBFC stock has risen 31 times or 3122% in 2 years. 

• Rs 1,00,000 invested just one month back would have become Rs 1,72,000 giving a price return of 72%. 

• Rs 1,00,000 invested one year back would have become Rs 2,93,000 giving a price return of 193%. 

• Rs 1,00,000 invested two years back would have however, become Rs 32,22,000 giving a price return of 3122% and,   

The shares of Available Finance have significantly outpaced the benchmark S&P BSE Sensex which had increased by 3.3% in last one year and by 47% in last two years. 

Available Finance Ltd is Indore based non deposit taking NBFC established in 1993. The company is a subsidiary of Archana Coal Private Limited and is engaged in the business of Loans and Investments. The company is a holding company of Agarwal Coal Corporation Pvt ltd and Agarwal Fuel Corporation Pvt Ltd. 

For the quarter ended June 30, 2022, the company reported Interest Income of Rs 16.31 lakh, which grew by 9.9% on YoY basis. However, owing to share of profit from associate PAT stood at Rs 89.41 lakh which grew by 82.41% on YoY basis.