Madhu Kela's Purchase Drives Surge in SG Finserve Shares; Company Delivers 14,612% Return in Five Years; Stock Reaches ₹432.65, Investors Buzzing.
SG Finserve shares witnessed a significant surge on Tuesday. The company's stock climbed 20% intraday, reaching ₹432.65. This surge was attributed to a large deal executed by renowned investor Madhu Kela on March 24, 2025, involving a significant purchase of the company's shares.
Madhu Kela's Purchase Creates Market Buzz
According to BSE data, Madhusudan Murlidhar Kela acquired 951,773 shares of SG Finserve, representing 1.7% of the company's stake. He executed this transaction at ₹350.01 per share. Simultaneously, Dinesh Parikh sold 300,000 shares at ₹350 per share. This significant buying and selling activity drew investor attention to the stock, leading to a substantial price increase.
Introduction to SG Finserve
SG Finserve is an RBI-registered Non-Banking Finance Company (NBFC) that provides financial assistance to various businesses in India. The company extensively utilizes technology to offer convenient and efficient financing solutions to its clients. Its services cater to dealers, distributors, retailers, suppliers, and transporters.
Financial Performance
SG Finserve's financial performance has been mixed over the past few years. In the quarter ending December 2024 (Q3), the company's net profit increased by 9.42% to ₹23.69 crore. However, total revenue declined by 19%, reaching ₹42.49 crore.
Performance of SG Finserve Shares
Analyzing SG Finserve's share performance reveals considerable volatility over the past few years. It delivered a negative return of -3% in one year and a decline of 15% over two years. However, the stock delivered impressive returns of 964% over three years and a remarkable 14,612% over five years, making it an attractive option for long-term investors.
Current Share Status
Currently, SG Finserve's share is trading at ₹410.35, up 13.81%. This small-cap company has a total market capitalization of ₹2,297.01 crore. Its 52-week high is ₹546, and its low is ₹308. On Tuesday, the stock opened at ₹410 and reached an intraday high of ₹432.65.
