Nisus Finance Services hits upper circuit for third session

Nisus Finance Services, an SME stock, saw its shares hit the upper circuit limit for the third consecutive session on Friday. The stock rose by 2% to reach ₹ 353.15 on the Bombay Stock Exchange (BSE). This increase comes amid strong buying interest. Despite this recent performance, the stock has dropped 14% over the past month and more than 31% since the start of 2025. The company made its market debut in December 2024 at an initial price of ₹ 180. Nisus Finance Services recently announced a significant development related to its Real Estate Special Opportunities Fund – 1. The fund completed its first profitable exit by investing in Suvita Real Estate, a subsidiary of Shapoorji Pallonji Real Estate. In January 2024, they invested ₹ 105 crore in senior secured non-convertible debentures issued by Suvita Real Estate. These debentures were intended to support a 12.16-acre land project in Pune, focused on affordable housing. The investment has now been fully redeemed, providing an internal rate of return of 18.74%, according to Nisus Finance Services. Earlier in the year, the stock peaked at a record high of ₹ 571.40 on January 14, 2025. As of 11:40 AM on Friday, the shares remained locked at the upper circuit limit of ₹ 353.15 on the BSE.