Small-cap NBFC Fedders Holding, formerly IM+ Capitals, delivered exceptional performance on Monday, September 22, surging 15.61% to reach its 52-week high of ₹72.77. According to market reports, the stock opened at ₹65.00 against its previous close of ₹61.49 and maintained strong momentum throughout the session. The stock was trading around ₹71.09 during the session, representing a ₹9.60 gain from the previous close. Around 11:40 AM, the share price reached an intraday high of ₹72.77, marking its peak for the day. As of 13:55 PM on September 22, the stock was trading at ₹70.94, showing continued strength with the stock fluctuating between ₹65 and ₹72.77 during the session. The stock's current trading price as of 14:03 PM stands at ₹70.7, maintaining its strong performance trajectory.
The stock's remarkable performance was significantly boosted by large bulk-deal buying activity, with investors Ashutosh Dhirendrakumar Maniar and Bullpulse Marketedge together acquiring a net 6,00,623 shares at prices ranging from ₹55 to ₹61. This concentrated buying in a relatively small stock drew substantial momentum interest and contributed to the exceptional volume surge. Trading volume reached approximately 30.55 million shares against an average of roughly 2.48 million, indicating heavy investor participation in the rally. The buying built on a corporate development disclosed on Friday, September 19, where Fedders Holding announced that its material subsidiary, Fedders Electric and Engineering Limited, had successfully completed construction of a premium commercial real estate project in Noida, Uttar Pradesh.
The surge was powered by corporate development news disclosed on Friday, September 19, where Fedders Holding announced that its material subsidiary, Fedders Electric and Engineering Limited, had successfully completed construction of a premium commercial real estate project in Noida, Uttar Pradesh. The project features a total developable and leasable area of approximately 3,00,000 square feet and is described as fully completed and ready for commercial leasing and rental operations. The company expects this milestone to significantly enhance its operational footprint and strengthen its recurring rental revenue stream going forward. The buying built on this corporate development, with the surge in traded volume on the day reflecting the market chasing the move.
Recent financial data reveals Fedders Holding's revenue trajectory showing significant improvement across key metrics. The company's standalone net sales for March 2025 reached ₹0.51 crore, representing a substantial 4,360.87% year-on-year growth from the previous year. However, the consolidated net sales for March 2025 stood at ₹109.32 crore, declining 21.7% year-on-year compared to the previous period. The company's book value per share stands at ₹36.33, while the 52-week high and low range is ₹72.77 and ₹32.06 respectively. The stock carries a market capitalisation of approximately ₹1,426 crore with a P/E ratio close to 17 and P/B ratio of 19.34. As of September 22, the stock has achieved a return of 52.73% in the last month and 0% over the past year.
The current session marked the seventh consecutive day of gains for Fedders Holding, demonstrating sustained investor interest in the stock. According to market data, the stock has delivered impressive returns over longer timeframes, surging 87% over the past six months and rallying 75% in the last month alone. This consistent upward trajectory reflects strong underlying fundamentals and positive market sentiment toward the NBFC sector, with the recent price action showing sharp advances over the past month on heavy technical buying. The buying interest was traced to bulk deals in the counter, with concentrated buying of this size in a relatively small stock tending to draw momentum interest.
