Penny Stock Alert: THIS NBFC Stock Hits Upper Circuit On Rights Issue Announcement | Check Details

Penny Stock Alert: Shares of Non-Banking Financial Company (NBFC), NCL Research & Financial Services Limited ended higher on Friday, after the firm announced that it received in-principle approval for a rights issue from the BSE.

NCL Research Rights Issue Announcement

The company, on Friday, stated that it received an in-principle approval letter for the proposed rights issue from the BSE. Earlier, the company said that it received an in-principle approval letter for the proposed rights issue from the BSE. In February this year, the company's board had approved raising funds through a rights issue of shares with a face value of Re 1 for Rs 50 crore.

"The Exchange is also pleased to grant its in-principle approval for listing of fully paid-up equity shares proposed to be issued on a rights basis, subject to the Company completing post-issue requirements and complying with the necessary statutory, legal & listing formalities," stated the firm in its BSE filing.

NCL Research Rights Issue Share Price Trend

The company's scrip closed 4.35% higher at Rs 0.72 per share on BSE with a market capitalisation of Rs 77.06 crore on BSE on Friday, August 14. The stock touched an intraday high of Rs 0.72 per share and an intraday low of Rs 0.69 per share. It has a return on equity (ROE) of -2.8%. The stock has surged 22% in a week and around 44% in 2026 so far.

NCL Research Q1 Result

The firm had reported a net profit of Rs 1.13 crore in the June quarter of FY27. Its net profit stood at Rs 5.59 crore in the March quarter and around Rs 1.7 crore in Q1FY26. The company's total revenue from operations stood at Rs 1.67 crore during the quarter under review. The firm's net revenue stood at Rs 1.82 crore in June quarter of FY26 and at Rs 28 lakh in the March quarter.

Few days before the announcement of June quarter result, NCL had announced its entry into digital personal loan segment. The company's board of directors approved its entry into the digital personal loan segment for robust growth, supported by increasing digital adoption, rising consumer spending, expanding financial inclusion and growing demand for quick, technology-driven credit solutions.

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