Penny Stock Under Rs 40: Promoter Increases Stake and Company Ties Up with HDFC Life, ICICI Lombard & Care Health
DSIJ Intelligence-2Categories: Mindshare, Penny Stocks, Trending
On Wednesday, the stock traded at Rs 36.29 per share, down 2.34 per cent in early trade, but remains 9.26 per cent higher on a year-to-date basis.
Supra Pacific Financial Services shares have delivered a sharp rally of 22.20 per cent in the last two trading sessions, supported by increased promoter confidence and new business initiatives. On Wednesday, the stock traded at Rs 36.29 per share, down 2.34 per cent in early trade, but remains 9.26 per cent higher on a year-to-date basis.
Promoter Joby George raised his stake in Supra Pacific through open market purchases in September 2025. According to BSE filings under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, he acquired a total of 45,112 equity shares, representing 0.14 per cent of the company’s voting capital.
The purchases were executed in two tranches—19,550 shares on September 9 at prices between Rs 30.25 and Rs 31.49, and 25,752 shares on September 10 at prices ranging from Rs 30.30 to Rs 31.00. Following this, his shareholding increased from 22.63 per cent (75,34,547 equity shares) to 22.77 per cent (75,79,659 equity shares). The company’s equity capital stands unchanged at Rs 33.28 crore, consisting of 3.32 crore shares of Rs 10 each.
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In a strategic business move, Supra Pacific, a BSE-listed Non-Banking Financial Company (NBFC), has tied up with three leading insurance providers—HDFC Life Insurance, ICICI Lombard General Insurance, and Care Health Insurance. The partnerships were officially launched on September 15, 2025.
The company aims to diversify its revenue streams and strengthen its financial services portfolio by entering the insurance distribution space. It has projected revenues of Rs 1.50 crore from this vertical in FY 2025-26 and expects the figure to grow to Rs 6.50 crore in FY 2026-27.
The timing of Joby George’s stake hike, coming just before the launch of the insurance partnerships, indicates strong promoter confidence in the company’s growth trajectory. Investors are closely tracking Supra Pacific’s diversification into insurance, which could potentially support long-term growth.
For now, the stock remains in focus due to the promoter’s increased holding, business expansion, and recent share price surge. Market participants will also keep an eye on Quarterly Results, dividend announcements, and other corporate actions such as rights issue or bonus issue, which often drive Small-Cap NBFC valuations.
Disclaimer: The article is for informational purposes only and not investment advice.