Archive · 22 Aug 2025
Akme Fintrade Jumps Despite Market Downturn Amid NCD Plans
Imagine the stock market is like a playground, and sometimes, everyone wants to sell their toys (stocks) because they're worried.
On a recent day, most toys' prices went down.
However, a small company called Akme Fintrade had good news: they were going to get some extra money by selling bonds, similar to IOUs.
This made investors happy, and the company's stock price jumped up.
Even though the overall market was down, this company's stock did well because of the new money they were getting.
The company's bonds will pay interest, and the money will be paid back in a couple of years.
Akme Fintrade (India) shares rose 10% on Friday, August 22, despite a market sell-off.
The surge followed the company's announcement of issuing Non-Convertible Debentures (NCDs).
Indian stock market benchmarks fell due to profit-taking and global economic concerns.
Akme Fintrade will issue ₹50 crore in NCDs, with a face value of ₹10,000 each.
The NCDs have a 24-month tenure and a 12% coupon rate, with maturity in August 2027.
- Who
- Shares of Akme Fintrade (India) and Indian stock market benchmarks.
- What
- Akme Fintrade's stock price increased while the broader Indian market declined.
- When
- August 22
- Where
- Indian stock market
- Why
- Akme Fintrade announced plans to issue Non-Convertible Debentures (NCDs) and due to profit booking across segments amid mixed global cues.
Investors
Market Participants
Market Sentiment
Investors
Positive reaction to the NCD announcement driving the price up.
Market Participants
Cautious sentiment due to broader market sell-off.
- Company
- Akme Fintrade (India)
- Stock Movement
- Rose 10% intraday
- Market Context
- Broader market sell-off
- NCD Amount
- ₹50 crore
- NCD Face Value
- ₹10,000
- NCD Tenure
- Up to 24 months
- Coupon Rate
- 12% per annum