Synopsis :

Shares rose after approval of a 1:1 bonus issue, reflecting investor optimism. Despite weak Q1 financials, diversified growth in broking, NBFC, and insurance, along with ambitious AUM targets, technology upgrades, and strong distribution, support long-term growth prospects and profitability outlook.

The shares of the prominent financial service provider gained 2 percent in the morning session after the company’s board considered and approved the issue of bonus equity shares in the ratio of 1:1.

With a market capitalization of Rs 1,573.13 crore, the shares of SMC Global Securities Ltd were trading at Rs 139.05 per share, decreasing around 1.98 percent as compared to the previous closing price of Rs 141.25 apiece.

According to the company filing, SMC Global Securities Ltd

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