NBFC Stock Ready For A Surge? 10:1 Split & Bullish Charts Say Yes; Time To Invest Before Record Date April 18?

An RBI-registered Non-Banking Financial Company (NBFC) with an emphasis on rural and semi-urban finance, Akme Fintrade (India) Limited (AFIL) provides small enterprises in Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat with business and auto loans. With a 25-year history, AFIL's primary business is financing vehicles and loans to small and medium-sized businesses (SMEs). The organization has more than 25 points of presence, including 15 physical branches, and operates throughout Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat.

Akme Fintrade Stock Split

For determining the eligibility of Members for the purpose of sub-division / split of equity shares of the company, such that 1 equity share having face value of Rs 10 each, fully paid-up, be sub-divided / split into 10 equity shares having face value of Rs 1 each, the Board of Directors have fixed April 18, 2025 as the record date according to Akme Fintrade (India).

Akme Fintrade News

"This is to inform you that in terms of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 as amended from time to time, the Trading Window for dealing in shares of the Company shall remain closed from Tuesday, April 1, 2025 till 48 (forty-eight) hours after dissemination of the Audited Financial Results of the Company for the quarter and year ended March 31, 2025. Accordingly, all Designated Persons of the Company and their immediate relatives are advised not to trade in the securities of the Company during the aforesaid period of Closure of Trading Window," Akme Fintrade confirmed in a regulatory filing.

Akme Fintrade Financials

From Rs 1,991.69 Lakhs in Q3 FY 24 to Rs 2,809.68 Lakhs in Q3 FY 25, the company's revenue from operations grew 41.07% YoY. It reported a profit before tax of Rs 1188.29 lakhs in Q3 FY25, which was 92.29% more than the PBT of Rs 617.98 lakhs in Q3 FY24. From Rs. 560.02 Lakhs in the December 2023 quarter to Rs. 893.27 Lakhs in the December 2024 quarter, the company's net profit grew 59.51% year on year. Akme Fintrade reports that its Q3 FY25 EPS earnings per share (EPS) surged from Rs. 1.40 in Q3 FY24 to Rs. 2.03.

Akme Fintrade Share Price Target

"Akme Fintrade stock price is slightly bullish on the Daily charts with strong support at 64.2. A Daily close above resistance of 68 could lead to a target of 74 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.