Equitas Holdings is currently trading at Rs. 50.90, up by 1.35 points or 2.72% from its previous closing of Rs. 49.55 on the BSE.
The scrip opened at Rs. 50.45 and has touched a high and low of Rs. 51.10 and Rs. 49.10 respectively. So far 510280 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 131.15 on 18-Jul-2019 and a 52 week low of Rs. 32.75 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 56.55 and Rs. 48.80 respectively. The current market cap of the company is Rs. 1732.88 crore.
The Institutions and Non-Institutions held 63.12% and 36.88%, stake in the company respectively.
Equitas Holdings’ subsidiary — Equitas Small Finance Bank is offering gold loan to customers to meet their cash requirements. With an aim to provide best service to the customers, the gold loan is processed through easy documentation and instant cash. NACH repayment is also available for this product.
Loans secured by gold jewellery of customers, repayable by monthly instalments or interest modes scheme rather than on one-time repayment basis only. Average ticket size of loans is in the range of Rs 30,000 to Rs 4 lakh. The maximum loan tenure for any scheme is 24 months. Customers can avail this loan by visiting a nearest branch of Equitas SFB. Customers availing gold loans can repay through EMIs and Equitas SFB also offers overdraft facility in this product.
Equitas Holdings is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels.
