Northern Arc Capital makes a healthy debut at the bourses. What should investors do?
- Posted on September 24, 2024
- By Business News Today
- 2 Views
Northern Arc Capital makes a healthy debut at the bourses. What should investors do?
Northern Arc Capital, a retail loan provider, made a decent debut with a 33% premium. Shares are currently trading 23% higher than the IPO price. The company has facilitated over Rs 1.73 lakh crore worth of financing but has concerns regarding negative cash flow and high debt-to-equity ratio.
