Wed Sep 25 06:54:57 UTC 2024: ## Northern Arc Capital Makes Stellar Debut on Stock Market

**Mumbai, India – September 25, 2024** – Northern Arc Capital Ltd, a leading financial services company, had a successful listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, opening at a 33% premium. This positive debut comes despite the broader market showing minor losses.

However, Easy Trip, a travel and tourism company, experienced a decline, hitting a 52-week low after a likely sale of 8.5% stake in the company by its promoter.

The Sensex and Nifty, the benchmark indices for the Indian stock market, both ended the day with losses, with sectors like PSBs, IT, and FMCG seeing a 1% dip. Metal stocks, on the other hand, saw some gains.

Northern Arc Capital has announced that its Board of Directors will be meeting on September 30th to approve the company’s unaudited financial results for the quarter ended June 30, 2024. The company’s shares were officially listed on the BSE on September 24th.

**Northern Arc Capital Ltd key highlights:**

* **Share price:** Rs 314.10 at 12:16 PM IST on 25th Sep 2024, down 2.94% from previous closing price.
* **Market capitalization:** Rs 5,069 crore.
* **52-week high/low:** Rs 351.00 / Rs 307.15.
* **Profitability:** Reported a profit of Rs 66.14 crore on a total income of Rs 474.00 crore for the quarter ended 2023.

This successful debut signifies investor confidence in Northern Arc Capital’s future prospects. The company’s strong financial performance and promising outlook in the financial services sector are likely contributing factors to its positive market reception.

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