Penny stock under Re 1: NBFC share jumps 4% depite stock market sell-off

NCL Research & Financial Services share price surged nearly 5% on Friday, 24 July, outperforming the broader market even as Indian equities remained under pressure. The rally came after the company announced plans to diversify its business by expanding into the retail lending segment.

In an exchange filing, the company said its Board of Directors will meet on 29 July 2026, to consider introducing a range of new lending products, including digital personal loans, salary-based personal loans, and loans for self-employed professionals. The proposed expansion marks a strategic move beyond its traditional Non-Banking Financial Company (NBFC) operations and aims to tap the growing consumer finance market.

The board will also evaluate other consumer finance solutions and permissible retail lending products, subject to regulatory approvals. To facilitate the expansion, the company may amend its Memorandum of Association (MoA), if required.

The proposed foray into digital and salary-based lending is expected to help the company diversify its revenue streams while leveraging technology to improve loan underwriting and faster disbursements. By focusing on salaried individuals and self-employed professionals, NCL Research & Financial Services aims to strengthen its presence in the unsecured retail lending space, where demand has remained robust.

The outcome of the 29 July board meeting will provide clarity on the final product offerings, implementation roadmap, and any capital requirements associated with the expansion.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.