Capri Global at new high

Capri Global Capital Ltd (CGCL) is right there currently among the top three gainers on the BSE; the stock opened almost 7% higher at Rs.1023.85, which is a new 52-week high. And it remains firmly in the green, trading at Rs.1015 levels.

The reason for this euphoria on the counter is thanks to the Board meeting scheduled for 27th of Jan.

The agenda of the Board meet?

The issue bonus shares and sub-division /split of the equity shares of the company, both of course subject to approval of the shareholders.

The stock was on a high yesterday too and this was after the company said it is planning to develop an insurance platform to maximize the corporate agency license from Irdai.

The company had received a composite corporate agency license from the Insurance Regulatory and Development Authority of India (Irdai) in December’23 to distribute life, general, and health insurance products. Also the company said that it expects to generate a net fee income of Rs 20 crore from insurance cross-sell in FY25.