GENERAL28 Sept 2026
SMC Global Securities shares surge 18% to 52-week high | What’s behind the jump? | Stock Market News
SMC Global Securities shares jumped 18% on 28 September, hitting a 52-week high even as the wider market fell. The stock drew attention because the firm acted as a market maker for small and medium enterprise (SME) IPOs, including Kheria Autocomp. It also filed a draft prospectus for secured non-convertible debentures of up to ₹150 crore. Holders should stay calm.
Key Statutory Highlights
- SMC Global Securities shares rose 18% on 28 September and touched a 52-week high while the broader stock market saw a sharp sell-off.
- The company acted as a market maker for the Kheria Autocomp SME IPO and, along with persons acting in concert, acquired 10.57% of its equity share capital or voting rights.
- It has submitted a draft prospectus to SEBI for non-convertible debentures of ₹1,000 face value, with a base issue size of up to ₹75 crore and a total size of up to ₹150 crore.
Actionable Advice for Taxpayers / Founders:If you are thinking of buying this stock or the proposed NCDs, read the draft prospectus and check how it fits your own risk profile before investing. A one-day price spike alone is not a reason to invest, so consider speaking to a financial adviser first.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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