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Geojit Financial Services Share Price

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NSEBSE

79.80-2.35 (-2.86%)

03:47 PM,15th Apr 2024

79.70-2.28 (-2.78%)

03:30 PM,15th Apr 2024

BSE : 532285

NSE : GEOJITFSL

Sector : Financials

ISIN Code : INE007B01023

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Last Updated: Apr 15 2024 | 03:30 PM IST

Market Cap (₹ Cr)

1908

Turnover (₹ Cr)

0.62

Volume (Shares)

776143

Face Value

1

52-WK High

90.00

52-WK High Date

25 Jan 2024

52-WK Low

41.80

52-WK Low Date

15 May 2023

All Time High

147.05

All Time High Date

11 Oct 2017

All Time Low

8.86

All Time Low Date

07 Jul 2005

Geojit Financial Services Ltd

Geojit Financial Services Limited originated in year 1987 as a Partnership Firm of Mr. C. J. George and his Associates. Later on the Firm was converted into a Company and got incorporated in November 24 1994 as 'Geojit Securities Ltd'. The Kerala State Industrial Development Corporation Ltd became a co-promoter of Geojit by acquiring 24% stake in the company. In the year 1995 the Company became a Member of National Stock Exchange and installed their first trading terminal in Cochin Kerala. Through subsidiaries joint ventures and partnerships with local banks and financial institutions the Company has a strong expanding presence in the Middle East region. The Company's distribution network consists of 473 offices spread over 19 states and 2 union territories in India and 4 Middle Eastern nations. The Company offers stock and currency derivatives portfolio management services margin trading mutual fund and insurance product distribution online financial planning and commodity derivatives. It has operations outside the country through subsidiaries an associate and joint ventures in Oman Kuwait UAE and Saudi Arabia. In the year 1997 the company became a Depository Participant under National Securities Depository Limited (NSDL) and began to provide Depository Services through their branches. In the year 1999 they became a member of Bombay Stock Exchange and activate Bombay Online Terminals (BOLT) in different branches. The company offered online trading which was inaugurated on February 1 2000. In the same year they commenced Derivative Trading and also established the first Bank Gateway in the country for Internet Trading. In the year 2001 the company became the first Indian Depository Participant to launch depository transactions through Internet. Also they launched a joint venture company in UAE for serving NRI clients.In the year 2002 the company made a tie up with MetLife for the marketing and distribution of insurance products across the country. Also they became the first online brokerage house to launch integrated internet trading system for both cash and derivatives segments.During the year 2003-04 the company added 38 branches which includes12 in Kerala 6 in Karnataka 10 in Tamil Nadu 1 in Andhra Pradesh and 9 in Mumbai. The company changed their name from Geojit Securities Ltd to Geojit Financial Services Ltd. Geojit Commodities Ltd a wholly owned subsidiary company launched Commodity Futures Trading in rubber pepper gold wheat and rice and also they launched Online Futures Trading in multiple commodities namely agri-commodities precious metals like gold and silver other metals like steel aluminium etc. and energy futures namely crude oil and furnace oil. During the year 2004-05 the company entered into the distribution business of insurance and financial products by incorporating three subsidiary companies through their wholly owned subsidiary Geojit Commodities Ltd.During the year 2006-07 the company promoted a joint venture company namely Aloula Geojit Brokerage Company Al Johar Group in Saudi Arabia. During the year 2007-08 Geojit Financial Management Services Private Ltd which was a subsidiary of Geojit Commodities Ltd now became a direct subsidiary of the company. They formed a joint venture company namely Barjeel Geojit Securities LLC Dubai with Al Saud Group which is having diversified interests in the area of equity markets real estates and trading. In September 2007 the company through their NRI Business entered into an exclusive agreement with Bank of Bahrain and Kuwait which is one of the largest retail banks in Bahrain & Kuwait.The company is in the process of forming a joint venture company in the Sultanate of Oman with The Financial Corporation Co SAOG to offer brokerage financial products distribution and related services at an estimated investment of 255000 Oman Riyals. Also they are in the process of starting the real estate and mortgage distribution services.The wholly owned subsidiary Geojit Commodities Limited has discontinued the commodity brokerage business effective from 31stDecember 2008. Since the main business of the Company was discontinued name was changed to Geojit Investment Services Ltd. w.e.f. 2nd April 2009. A Scheme of Amalgamation of Geojit Investment Services Limited with Geojit BNP Paribas Financial Services Limited was approved by the Board of Directors of respective companies and consequently Company increased its stake in Geojit Credits Private Limited.During the period 2012-13 the Company entered in to an agreement to sell its entire stake in BNP Paribas Securities India Pvt. Ltd (BNPPSI) held through its wholly owned subsidiary for an amount costing Rs. 41.24 crores. About 84% of stake was sold during the year for a consideration costing Rs 34.3 crore and the balance holding was sold in April 2013 costing Rs. 6.94 crore. On account of said sale of stake Company hasn't considered the financials of BNPPSI for consolidated from April 01 2012.In year 2022 the Company had filed a Scheme of Merger by Absorption of Geojit Investment Services Limited with Geojit Financial Services Limited with Kochi Bench of Hon'ble National Company Law Tribunal. Hon'ble Tribunal approved the said Scheme vide its Order dated March 16 2022 and as a result Geojit Investment Services Limited became a wholly owned subsidiary of Geojit Financial Services Limited.

Geojit Financial Services Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1908

EPS - TTM (₹) [S]

4.66

P/E Ratio (X) [S]

3.19

Face Value (₹) 1
Latest Dividend (%)150.00
Latest Dividend Date 03 Jul 2023
Dividend Yield (%) 1.88
Book Value Share (₹) [S]25.03
P/B Ratio (₹) [S]3.19
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
ITI Small Cap Fund (G) 1.70 850693 1.00
ITI Small Cap Fund - Direct (G) 1.70 850693 1.00
ITI Multi Cap Fund (G) 0.96 483425 0.85
ITI Multi Cap Fund (IDCW) 0.96 483425 0.85
ITI Multi Cap Fund - Direct (G) 0.96 483425 0.85
ITI Multi Cap Fund - Direct (IDCW) 0.96 483425 0.85

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

78.50

81.40

Week Low/High

76.40

86.00

Month Low/High

62.00

86.00

Year Low/High

41.80

90.00

All time Low/High

0.59

147.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-4.05%-4.14%-1.80-1.74%
1 Month23.11%23.34%1.041.13%
3 Month-3.91%-3.80%0.100.79%
6 Month43.24%43.14%10.7412.77%
1 Year87.76%88.21%21.4624.93%
3 Year66.25%66.08%50.4052.75%

Company Info

Company Information

Managing Director & CEO : C J George

Chairman & Independent Directo : R Bupathy

Non-Exec. & Independent Dir. : Mahesh Vyas

Non-Exec & Non-Independent Dir : Punnoose George

Company Sec. & Compli. Officer : Liju K Johnson

Non-Exec. & Independent Dir. : Radhakrishnan Nair

Whole-time Director : A Balakrishnan

Whole-time Director : Satish Menon

Independent Director : Rajan Krishnanath Medhekar

Independent Director : Alice Geevarghese Vaidyan

Independent Director : M P Vijay Kumar

Independent Director : Sebastian Luckose Morris

Whole-time Director : Jones George

Nominee (KSIDC) : HARIKISHORE SUBRAMANIAN

Registered Office: 11th Floor 34/659-P, Civil Line Road Padivattom,Kochi,Kerala-682024 Ph: 91-0484-2901000

Email:companysecretary@geojit.com

URL:http://www.geojit.com