The Hindu Business Line : AK Capital: Up on broking foray talk

AK Capital has been advancing steadily, significantly low trading volumes notwithstanding. The trend is being attributed to the company's probable foray into stock broking, a business that is said to hold significant potential, despite the competition that is becoming increasingly evident in the broking space. The new activity should also mark a shift for an entity that has chiefly remained in the fixed-income market.

On Friday, the stock closed at Rs 169.95 on the BSE, a gain of nearly 5 per cent and denoting an altogether new high. The counter, investors say, has already become a multi-bagger, considering the 52-week low of Rs 15.84 that it fell to on June 30 last year.

Nilanjan Dey

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