SMC Global is a small cap stock broking firm also having an NBFC arm. It is available at a reasonale PE of approx 8-9 times earnings and is a dividend paying company. In its short listing journey so far one can make out that post a breakout it has been travelling within a parallel channel and the cross over of the 50DEMA has been resulting in the price travelling to the resistance end of the channel…
Q1 results are out tomorrow. They have an NCD on offer (75 cr + 75 cr) presently which is closing on 1st August (0.89x subscribed so far as per chittorgarh dot com) and the post results conference call is slated for the evening of 1st August. Q3 and Q4 of FY23-24 were growth quarters for them after many quarters of stagnating performance.
The sector was in the grip of correction due to the percieved hit on growing F&O trading by the regulatory bodies as well as some rule changes on brokerage recently announced by SEBI… .
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