Monarch Networth Capital Limited (MNCL) was originally formed under the name of Networth Finance Limited on 2nd December 1993. Thereafter, it was changed to Networth Stock Broking Limited w.e.f. 30 September, 1997 and to Monarch Networth Capital Limited w.e.f 13 October, 2015. MNCL is predominantly engaged in Share Stock Broking, Merchant Banking, and Mutual Fund Distributor. The Company is a member of National Stock Exchange of India Ltd. (NSE) BSE Ltd. (BSE), Metropolitan Stock Exchange of India Ltd (MSEI) in the Capital Market and Derivatives (Futures Options) Segment. It is also Depository Participant with Central Depository Services India (CDSL) and National Securities Depository (India) Limited (NSDL) and also registered in Securities and Exchange Board of India (SEBI) as a Category 1 Merchant Banker and Research Analyst. The Company has emerged as a leading provider of financial services and information provider primarily to Institutional and Retail clients in India for more than a decade.The companys main area of operations are dealing in shares and rendering corporate advisory services. It has commenced operations on the National Stock Exchange. It has obtained dealership on the OTCEI. NFL has started rendering corporate advisory services and consultancy services to NRIs/OCBs and other foreign investors. It has also started developing specialised software on Indian capital markets for its clientele.In 199596, the company was approved by SEBI as a categoryI merchant banker. It came out with a rights issue in the ratio of 1:2 at par to meet working capital requirements. As per the Scheme of Amalgamation, Monarch Research and Brokerage Private Limited (MRBPL) and Monarch Project and Fimarkets Limited (MPFL) (Transferor Companies) were amalgamated with Company (Transferee Company ) on a going concern basis and resulting to the said Scheme, all assets and liabilities of the Transferor Companies stood transferred to and vested in the Company from the Appointed date i.e. 1st April, 2010 and accordingly, the Scheme was effective from 15th October, 2014.The company incorporated a new subsidiary company Monarch Networth Capital IFSC Private Limited on 14th March, 2017. During 2019, as part of the group restructuring, the Scheme of Amalgamation between Networth Insurance Broking Pvt Ltd (NIBPL), Networth Wealth Solution Ltd (NWSL), Monarch Networth Comtrade Ltd (MNCTL) and Networth SoftTech Ltd (NSL) (the Transferor Companies) with the Company and their respective shareholders got approved by the National Company Law Tribunal (NCLT) with effect from the Appointed Date i.e. 01st April, 2017. As a result of the group restructuring and implementation of the aforesaid Schemes, the Transferor Companies was dissolved without winding up in May, 2019.
What is the current share price of Monarch Networth Capital Ltd today on both NSE and BSE?
Monarch Networth Capital Ltd shares are currently priced at 570.15 on NSE and 569.35 on BSE as of 5/2/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Monarch Networth Capital Ltd [MONARCH] shares performed in the past ?
The past 1-year return of Monarch Networth Capital Ltd [MONARCH] share was 172.79. The Monarch Networth Capital Ltd [MONARCH] share hit a 1-year low of Rs. 199 and a 1-year high of Rs. 689.95.
What is the market cap of Monarch Networth Capital Ltd [MONARCH] ?
The market cap of Monarch Networth Capital Ltd is Rs. 1931.07 Cr. as of 5/2/2024 12:00:00 AM.
What is the current P/E ratio of Monarch Networth Capital Ltd [MONARCH] share price ?
The PE ratios of Monarch Networth Capital Ltd is 21.99 as of 5/2/2024 12:00:00 AM.
What is the current PB ratio of Monarch Networth Capital Ltd [MONARCH] share price ?
The PB ratios of Monarch Networth Capital Ltd is 7.44 as of 5/2/2024 12:00:00 AM
How can I buy Monarch Networth Capital Ltd shares?
You can easily buy Monarch Networth Capital Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.