KBC Global Limited Company has gained attention in the penny stock segment, with shares rising by 0.41% to Rs 2.43. This uptick is attributed to significant foreign investment, indicating growing confidence in the company.
Stock Approaching 52-Week High
The stock is nearing its 52-week high, having recently seen a gain of 8% over the last five days. Currently trading at Rs 2.45 as of November 12, 2024, the stock has surpassed its previous high of Rs 2.65, suggesting a bullish momentum.
Positive Sign from Foreign Investors
In the second quarter, five foreign entities acquired shares, including Beacon Stone Capital VCC and Lake Global Opportunities Fund. This marks a shift, as these funds were absent from the previous quarter’s shareholding pattern.
Details of Shareholding Pattern
Beacon Stone accounts for 4.21% of KBC Global’s shares, with Global Focus Fund holding 7.40%. Notably, retail investor participation has also increased, rising from 206,500 to 227,083.
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News in Hindi | Penny Stocks 12 November 2024 Hindi News.
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Summary at glance
KBC Global Limited Company’s stock has gained attention, rising by 0.41% to Rs 2.43, nearing a 52-week high of Rs 2.65. This increase is attributed to significant foreign investment, with five foreign funds acquiring shares in the second quarter, including Beacon Stone Capital and Global Focus Fund. The stock has delivered an 8% return over the last five days, and retail investor numbers have also increased, highlighting a positive trend for KBC Global Limited.
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