Gleam Fabmat Ltd Stock Soars Amid Market Decline

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.

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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.

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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.

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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%.

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