Penny Share: Due to the tension in West Asia, there is a huge fall in the stock market at this time, while this penny stock is making a splash in the market, giving huge returns for the last few days. The special thing is that it is being told in the market that this company had made an agreement last week, the effect of which is being seen in the company’s stock.
This company is working in the finance sector and the company is currently focusing more on giving loans. If someone wants to take an online loan, then he can apply for an online loan through this company. Online finance service is spreading very fast in India and crores of customers of the companies have joined.
The number of mobile users is continuously increasing in India, due to which finance companies are getting a lot of benefit because due to the increase in mobile users, most people are using online apps through which people can take loans within 5 minutes. This company says that its main objective is to provide loans to the people and make the distribution network strong.
What is the name of this company
The stock of ENBEE Trade company closed at 070 paise on Thursday and on Friday this stock opened at 0.82 paise whereas on June 11, the price of the stock of this company was 0.65 paise.
The company has signed an agreement with Sunrise FinServe Pvt Ltd company in which it is said that the company wants to improve the loan system so that the poor and urban laborers can easily get loans. Their main objective is to provide loans to such people who face a lot of problems in taking loans. The company says that the company wants to strengthen the loan distribution network and this agreement is in the interest of the company.
One thing has been seen in this cheap stock that in terms of share holding, the promoter has kept only 10% stake with him while the retail investor has kept 90% stake and at the same time the company has not made that much profit but the stock of the company has given good returns, it has hit a high of Rs 1.70 in 52 weeks, the company had a profit of only Rs 2 crore in 2024, whereas before this the company was not running a loss continuously.
ENBEE Trade Company’s stock price was around ₹ 6 in 2005, due to the company being in loss, the stock price of the company has been continuously declining since 2005 and now the company is constantly trying to strengthen its business management.
After entering into an agreement with Sunrise FinServe Pvt Ltd company, this company has got a little support because immediately after the agreement, the stock has seen a boom and at the same time both the companies are going to benefit from this agreement.
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Kartikeya Bhardwaj is a skilled finance writer with over 3 years of experience covering the Indian stock market, cryptocurrency trends, and personal finance strategies. With a strong grasp of market dynamics and digital finance tools, Kartikeya simplifies complex financial topics into easy-to-understand content for everyday readers.
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