Buy, sell or hold?

Speaking on Northern Arc Capital’s share price debut, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “The company’s fundamentals are sound, and those who have applied for the listing gain can book profit. However, those with a medium—to long-term view may hold the stock and can think of accumulating more as the stock may bounce back after the recent profit-booking trigger.”

Justifying the positive debut of Northern Arc Capital shares, said, “The company has a diversified financial services platform set up primarily to cater to the diverse retail credit requirements of India’s under-served households and businesses. The company has a diversified base of lenders (including various banks, offshore financial institutions and NBFCs), and investors provide a strong base for increased funding,” said Prathamesh P Masdekar, Research Analyst at StoxBox. 

“On the financial front, Northern Arc is among India’s diversified NBFCs regarding AUM as of 31st March 2024, with a business model diversified across offerings, sectors, products, geographies and borrower categories. The company’s differentiated credit underwriting processes and risk models have helped deliver strong asset quality, the StoxBox expert added.”