Sammaan capital shares: The shares of Samman Capital continued to rise for the sixth consecutive day on 1 October. On Wednesday, the company climbed 4.8 percent to close at the price of Rs 168.55. The company’s shares have increased by more than 25 percent for the last 6 days. Earlier, for the last time, the shares of honor capital were seen in such a long growth in June 2024, when it closed for 9 consecutive days.
Why the stocks coming up?
Honor Capital recently reported in an information sent to the stock markets that his board of directors will have a meeting on 2 October tomorrow. In this meeting, proposals to raise funds through equity security or other convertible/exchanges securities will be considered. This news has further strengthened the trust of investors.
The company has recently appointed Himanshu Modi as its deputy CEO from 4 September. Management says that by FY 2027, the company’s asset under management (AUM) will reach ₹ 1 lakh crore, which was ₹ 62,378 crore in the first quarter of FY26. This means that the company is estimating to grow at the CAGR rate of 27 percent.
Currently, the company contributes 37 percent to the company’s total AUM, but a target has been set to bring it into a single-digit by FY27. Also, the management believes that in future the company’s credit cost would be about 1 percent on a stable basis, while it was recorded at 3 percent in the June quarter. Due to all these reasons, its stocks are seeing a boom.
Share increased by 29% in September
The shares of Samman Capital saw a rise of about 29 percent during the month of September. This is the highest faster in this stock after August 2023 in any one month. However, this stock is still under F&O ban, which means that it is not possible to create a new position in the derivative market.
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