Golden Legand Leasing and Finance shares jumped 6.94% from intraday low to ₹9.79 in Thursday's trading session, demonstrating strong recovery momentum. According to reports from Live Mint, the penny stock opened at ₹9.46 apiece today, compared to the previous close of ₹9.27 on Wednesday. The stock had touched an intraday low of ₹9.11 on 9 July, highlighting the significant recovery from recent lows.
The company announced active progress on its technology-driven digital platform ' as part of its strategic digital transformation initiative. This development aligns with the broader market trend of increased participation in digital financial services, particularly across mid- and small-cap segments.
According to Live Mint reports, Golden Legand shares have gained over 5% in a week and 3.43% in a month, indicating recent positive momentum. However, the stock has experienced volatility with 16% decline in six months and 18% drop on year-to-date basis. Despite these short-term challenges, the stock has delivered over 17% gains in a year, suggesting longer-term resilience in the market.
As reported by Live Mint, the company has incorporated Gullakkart Private Limited as its wholly owned subsidiary (WOS) to strengthen its digital financial services ecosystem. The new subsidiary will focus on strengthening the company's digital lending platform while engaging in digital payment solutions. Additionally, it plans to seek a Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India (RBI), subject to obtaining required regulatory approvals.
