Penny stock under Re 1: NBFC share jumps 4% depite stock market sell-off
New Delhi, July 24 -- NCL Research & Financial Services share price surged nearly 5% on Friday, 24 July, outperforming the broader market even as Indian equities remained under pressure. The rally came after the company announced plans to diversify its business by expanding into the retail lending segment.
In an exchange filing, the company said its Board of Directors will meet on 29 July 2026, to consider introducing a range of new lending products, including digital personal loans, salary-based personal loans, and loans for self-employed professionals. The proposed expansion marks a strategic move beyond its traditional Non-Banking Financial Company (NBFC) operations and aims to tap the growing consumer finance market.
The board will ...
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