Penny stock below Re 1 hit the upper circuit after forming strategic alliance with Sunrise Fin Serve Pvt Ltd to enhance loan disbursement efficiency
The stock has a PE of 8x whereas the sectoral PE is 23x.
On Wednesday, shares of Enbee Trade & Finance Ltd hit a 10 per cent upper circuit to Re 0.72 per share from its previous closing of Re 0.66. The stock has a 52-week high of Rs 1.71 and a 52-week low of Re 0.57. The shares of the company saw a spurt in volume by more than 5 times on the BSE.
Enbee Trade & Finance Ltd has announced a significant strategic alliance with Sunrise Fin Serve Pvt Ltd. This collaboration is designed to amplify Enbee Trade and Finance Limited's loan disbursement capabilities and bolster its overall lending process by leveraging Sunrise Fin Serve's extensive experience and robust network.
The strategic partnership is expected to streamline loan processing, enhance customer experience, and foster greater financial inclusion. This expanded reach and improved efficiency will primarily benefit customers in the states of Maharashtra and Gujarat.
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About the Company
Enbee Trade & Finance Ltd, incorporated in 1985, operates primarily in the business of financing and investment. The company is listed on the SME and SME-ITP platforms of stock exchanges and holds registration as a Category B Non-Banking Finance Company (NBFC) – specifically, a Non-Systemically Important Non-Deposit taking Company. Beyond its core financing activities, Enbee Trade & Finance Ltd also offers services in trading and dealing in vehicle parts and accessories, and provides financing and loans to builders against securities.
The company reported positive numbers in its Quarterly Results (Q4FY25) and annual results (FY25). The net sales rose 92 per cent and net profit skyrocketed 217 per cent in FY25 over FY24. The stock has a PE of 8x whereas the sectoral PE is 23x. The stock is up by 26.3 per cent from its 52-week low of Re 0.57 per share.
Disclaimer: The article is for informational purposes only and not investment advice.