The NBFC sector in India is witnessing a growing trend towards retail lending, particularly in the areas of microfinance consumer finance and housing finance, enunciates Aalok Patil, Joint MD of Arman Financial Services

The company has a market cap of Rs 481.87 crore, according to the financials. The maximum stake of the company is owned by the promoters (74.63 per cent) and the rest is owned by the general public (25.37 per cent) as of March 2023. The company recently released its quarterly and annual results for the year ended March 31, 2023, where it reported positive numbers.

On Wednesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.14 per cent at 63,228.51 and the NSE Nifty-50 Index up 0.21 per cent at 18,755.90. 

The company's operations include 4G digital services, retail, petrochemicals, petroleum refining and marketing, and exploration and production of hydrocarbons.

On Wednesday, the SGX Nifty suggests a slightly positive opening for the benchmark indices, with a 48 point increase. The SGX futures are currently at 18,833.

The company reported fantastic numbers in its quarterly results and annual results. The net sales increased by 35,526 per cent to Rs 14.96 crore and the net profit increased by 798.12 per cent to Rs 1.91 crore in Q4FY23 over Q4FY22. The net sales increased by 46,796.80 per cent to Rs 86.76 crore and the net profit increased by 2,177.53 per cent to Rs 6.08 crore in FY23 over FY22.

Eros International Media Ltd (BSE: 533261, NSE: EROSMEDIA) is a leading global entertainment company focused on the production, acquisition, and distribution of Indian films. In addition to film production, Eros International has expanded its operations to encompass digital platforms and content distribution. The company has embraced technological advancements and leveraged digital platforms to reach a wider audience globally.

The company has delivered stellar returns of 212 per cent over the past 1 year and excellent returns of 860 per cent over the past 3 years. Additionally, the company has a ROCE of 34.8 per cent. Moreover, the company has been able to grow their sales by 8 per cent (CAGR) over the past 3 years and profit by over 43 per cent (CAGR) for the same period.  

Investors are also looking forward to the release of May wholesale pricing index inflation data on Wednesday.

The share price of this company has given over 50 per cent return in just 6 trading sessions.