Penny stock: The share of KBC Global Ltd (NSE: KBCGLOBAL) is constantly in the news. The company’s share rose 2.5% on last trading day to an intraday high of Rs 2.46. There is a big reason behind this rise in shares.
Foreign investors are fond of this penny stock. Five foreign firms have bought parts of KBC Global during the September quarter of the current fiscal calendar year 2024 to 2025 (Q2 FY25).
Let us tell you that this stock has climbed up to 6.11% in five days and 21.50% (YTD) so far this year.
What Is The Detail?
According to the most recent shareholding statistics, Beacon Stone Capital VCC – Beacon Stone, Global Focus Fund, Zeal Global Opportunities Fund, M7 Global Fund PCC – SAIL Devcap Fund, and Nova Global Opportunities Fund PCC – Touchstone have acquired shares in Touchstone in the most recent quarter.
Till the June quarter, the names of these companies were not in the shareholding pattern of KBC Global.
September Quarter Shareholding Pattern
Shareholding data for the September quarter shows the following: Beacon Stone Capital VCC – Beacon Stone I FCCB held 7,20,01,207 shares in KBC Global, representing a 4.21 % stake. In the meantime, Global Focus Fund held 12,65,641,114 shares or 7.40 percent stake.
According to the most up-to-date figures, Zeal Global Opportunities Fund, M7 Global Fund PCC – SAIL DewCap Fund, and Nova Global Opportunities Fund PCC – Touchstone owned 8.43 percent, 8.43 percent, and 8.44 percent stakes, respectively.
In addition, the number of customers who invest in retail stocks grew to 2,27,083 based on a quarter-on-quarter (QoQ) basis, from 2,06,500 during the prior quarter.
According to Trendlyne data, mutual fund holdings in the stock are zero, while the majority stake is held by the company’s promoters.
Stock Status
The penny stock KBC Global Ltd has gained 22 % to 2.44 rupees per share, up from 2.25 rupees at the end of the previous year. this calendar year.
The stock hit an all-time high at 2.65 rupees on the BSE on January 10, 2024, and its 52-week low attained 1.57 rupees on June 12, 2024.
The company announced in a filing to the stock exchange on November 8, that the board of directors will be meeting this week. They will discuss and decide on the financial results for the September quarter as well as the half-year ending September 30th, 2024.
Quick Fact
| Company name | KBC Global |
|---|---|
| Stock type | Penny stock |
| Stock price | ₹2.43 (0.41% up) |
| Current price movement | Rose 2.5% (Monday) |
| Intraday high (recent) | ₹2.65 |
| 5-day growth | 6.11% |
| Year-to-date growth | 21.50% |
| September quarter shareholding | Five foreign investors acquired stakes |
| Foreign investors (firms) | Beacon Stone Capital, Global Focus Fund, Zeal Global, M7 Global – SAIL Devcap, Nova Global – Touchstone |
| Beacon Stone Capital stake | 4.21% |
| Global Focus Fund stake | 7.40% |
| Zeal Global Opportunities Fund stake | 8.43% |
| M7 Global Fund PCC – SAIL Devcap stake | 8.43% |
| Nova Global Opportunities Fund stake | 8.44% |
| Retail investors (Q2 FY25) | 2,27,083 (QoQ growth from 2,06,500) |
| Mutual fund holdings | Zero |
| Promoter holding | Majority (1.27% in September) |
| End-of-year price (previous) | ₹2.25 |
| All-time high price (recent) | ₹2.65 (January 10, 2024) |
| 52-week low | ₹1.57 (June 12, 2024) |
| Next board meeting | November 8, 2024 |
| Meeting agenda | September quarter and half-year financial results |
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