Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>4QFY22 performance: SGC reported revenue at Rs5bn, beating our estimate by 4%, owing to better- than-expected volume of 1.13mn vs our estimate of 1.03mn.</li></ul><div><div><div><div><ul><li>All eyes on acquisition: SGC has built a war chest to fund possible acquisitions through NCDs raised in January 2022 and recent preferential equity offer to Premji Investments, thereby mobilizing Rs8.5bn.</li></ul><div><div><div><div><ul><li>The company is looking at two assets very closely and expects the deal to be finalized by the end of June or July 2022.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

4QFY22 performance: SGC reported revenue at Rs5bn, beating our estimate by 4%, owing to better- than-expected volume of 1.13mn vs our estimate of 1.03mn.All eyes on acquisition: SGC has built a war chest to fund possible acquisitions through NCDs raised in January 2022 and recent preferential equity offer to Premji Investments, thereby mobilizing Rs8.5bn.The company is looking at two assets very closely and expects the deal to be finalized by the end of June or July 2022.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

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