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Trader's delight: Gee Kay Finance rises 1800% in 2009
Gee Kay Finance and Leasing Company has gained nearly 1,800% in 2009. There was a stock split in the month of December. The stock started with a price of nearly Rs 4 and went to as high as Rs 560 and now after the stock split is trading at around Rs 80.
Agra-based non-banking finance company, Gee Kay Finance and Leasing Company has gained nearly 1,800% in 2009. There was a stock split in the month of December. The stock started with a price of nearly Rs 4 and went to as high as Rs 560 and now after the stock split is trading at around Rs 80.
The volumes have been good in this stock. In the last 4 years the company made no profit. There was a loss of Rs 20 lakh in 2009 and in 2008 a loss of nearly Rs 4 lakh.
The promoter holding in this company is only 0.5% and there are 26 individuals who hold nearly 90.86% equity in this company. The rest 7-8% is with the public.
The Company's principal activity is providing finance and other related services. It undertakes hire purchase, leasing, subscribing shares and debenture stock deposits and bonds of other companies. The company also invests in shares and debentures of other companies.
The company recently bought Mumbai-based property developer Sigrun Realities for Rs 345 crore by way of a share swap.
Deepak Jain, Director Finance, Geekay Finance and Leasing says the current market capitalisation of the company stands at Rs 4,000 crore.
