AK Capital can touch Rs 1000 mark soon: Ashish Maheshwari

In a chat with ET Now, Ashish Maheshwari, Director, Globe Capital Market Ltd., shares his views on the outlook of AK Capital.

Do you want to take AK Capital?

Yeah, there are three things which I find attractive about the stock. First, the QIP announcement and soon they are going to raise some money and the buzz is almost Rs 850-900 is the target on which the company intends to raise funds. Second, after raising money, they are going to lend themselves through NBFC, which will increase the profitability and we have seen a successful QIP of money matters also in last month. There is a quite bright possibility that they are going to get money. Third is this company has got very small capital just 6.5 crores capital, so not too much floating stock is also there in the market. I also expect this stock has a lot of buzz still left and can touch Rs 1,000 mark soon.