Alka Securities Ltd
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BSE Code:
532166
NSE Code:
Business Profile
Business Profile
Alka Securities (ALKSECUR) is a fixed income brokerage house based in Mumbai. The company`s offering involves institutional and private client stock broking in equities and debt, corporate finance, mutual fund distribution, and online trading services. Clients include bank treasuries, pension funds, insurance companies, and mutual funds. Alka Broking, a subsidiary of Alka Securities, is involved in commodities trading. The company has membership of the National Stock Exchange (NSE) and Multi Commodity Exchange (MCX).
Financials
Alka Securities registered a 2664.29% growth in net profits to Rs 3.87 million for the quarter ended in March, 2007 from a profit of Rs 0.14 million for the quarter ended in March, 2006Net Sales for the quarter declined 72.37% to Rs 2.39 million for the quarter ended March, 2007 from Rs 8.65 million for the quarter ended March, 2006.Total income rose 13.68% to Rs 9.89 million for the quarter ended March, 2007, from Rs 8.7 million for the quarter ended March, 2006.The earnings per share (EPS) of the company stood at Rs 0.46 in the quarter ended March, 2007 .
Recent Developments
22-JUN-07
On June 11, 2007 Alka Securities approved the following:1. To increase the authorized share capital of the company from Rs 110,000,000 to Rs 200,000,000.2. Decided to issue on preferential basis 20,000,000 equity shares of Rs 2 on premium, subject to necessary provisions and approvals.