Last Friday, the stock market experienced a significant drop. However, on the final trading day of the week, some penny stocks, including Gleam Fabmat Ltd, saw a notable increase.
Gleam Fabmat Ltd hit the upper circuit limit of 10%, with its stock price reaching Rs 5.41. This is the highest price for the stock in the past 52 weeks.
On Thursday, the closing price was Rs 4.92, and in June 2024, the stock had hit a 52-week low of Rs 2.71.
Shareholding Pattern
Gleam Fabmat Ltd’s shareholding structure shows that promoters own 72.85% of the company, while the public holds 27.15%.
Key promoters include Anil Gupta, Amit Gupta, Arun Gupta, Pushpa Gupta, Sonu Agarwal, and Anita Agarwal.
Market Decline Impact
On Friday, the domestic stock market saw a significant decrease, leading to a loss of Rs 4.46 lakh crore in investors’ wealth.
The BSE Sensex fell by 885.60 points, or 1.08%, closing at 80,981.95. Out of the 30 Sensex stocks, 25 declined. This drop ended a five-day period of gains.
Out of 4,033 shares listed on the BSE, 2,311 fell, 1,616 rose, and 106 remained unchanged. Consequently, the total market capitalization of BSE-listed companies dropped to Rs 4,57,16,946.13 crore ($5.46 lakh crore).
The BSE Smallcap index decreased by 0.58%, and the Midcap index fell by 1.19%.
