Khandwala Securities jumps on signing Letter of Engagement with Ziksu Capital

Khandwala Securities is currently trading at Rs. 37.85, up by 1.80 points or 4.99% from its previous closing of Rs. 36.05 on the BSE.

Khandwala Securities
Khandwala Securities

The scrip opened at Rs. 36.90 and has touched a high and low of Rs. 37.85 and Rs. 36.30 respectively. So far 16005 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 41.50 on 22-Jul-2022 and a 52 week low of Rs. 14.60 on 02-Dec-2021.

Last one week high and low of the scrip stood at Rs. 37.85 and Rs. 30.35 respectively. The current market cap of the company is Rs. 57.74 crore.

The promoters holding in the company stood at 47.67%, while Non-Institutions held 52.33% stake in the company.

Ziksu Capital has signed a Letter of Engagement with Khandwala Securities (KSL), a Category 1 Merchant Banker, as advisor to facilitate India entry strategy and cross border transactions advisory for Ziksu launch in India next year with mobile based financial products for Indian International students embarking on their educational journey to Australia.

Ziksu’s entry into India has been supported by Austrade, having participated in the AIBX 2022 Business mission, the BTS Tech Delegation and a range of meetings organised under Austrade’s Australia-India Innovation Network.

Khandwala Securities is into Merchant Banking and all sorts ofFinancial Service provider viz. Equity Market Broking, Category I Merchant Banker, Debt Market, Investment Advisory Group, SEBI Registered Portfolio Management Service Provider (PMS).

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