This Smallcap Finance Stock Surges 68% In 5 Days & 30% In 1 Month: Appropriate Short Term Pick

Dhanvarsha Finvest Ltd., listed in the Indian stock markets has given strong short-term returns to the investors, amid a flat market environment. NSE informs its trade volume today at 44,65,299. Today in the intra-day, the stock's share price has surged sharply by 15.46%.

Dhanvarsha Finvest Ltd. - NSE market tracking

The current market price of Dhanvarsha Finvest Ltd. closed at Rs. 104.95/share on NSE, today on June 29. Only in the last 5 days, the share price of this company has surged by 68% on NSE, and in the last 1 month its share price gained by 30.37%. In the past 6 months, its stock price has surged by 16.74%. However, in the last 5 years, it has gained by 28.85%. So, the stock's potential is noticed by investors for a short-term investment for high returns.

Today the stock price again reached a fresh 52-week high level. The 52-week high level of this stock is Rs. 109.05, and the 52-week low level of this stock is Rs. 60.65. Since June 27, 2022, Axita Cotton Ltd. has boomed sharply compared to its peer stocks.

Market capitalization	Current market price	5 Days performance	1 Month performance
Rs. 1,133 crore	Rs. 104.95	68.00%	30.37%

About the company - Dhanvarsha Finvest Ltd.

It is a small-cap company with a market capitalization of around Rs. 1,133 crore. Its low share price makes it affordable for investors.

Dhanvarsha provides credit solutions to India's large underserved and underbanked MSME segment. Promoted under the aegis of the 80-year-old Wilson Group of Mumbai, the company aims to provide timely, affordable, and sustainable access to credit to the country's almost 500 million under-served borrowers, the company informs.

In Q4FY22, the company's Total Revenue from operations stood at Rs. 231.47 mn, Interest Income was reported at Rs. 144.65 mn, while Total Expenses (IV) were reported at Rs. 199.92, and Profit / (loss) before exceptional items and tax (III-IV) stood at Rs. 32.68 mn, according to data available with BSE.

What analyst thinks

"A look at the shareholders of Dhanvarsha Finvest Limited can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private companies with 60% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Clearly, private companies benefitted the most after the company's market cap rose by Rs. 2.1b last week. Less than 5% of Dhanvarsha Finvest is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time," according to a report by simplywall.st.

Disclaimer

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