Akme Fintrade (India) Share Price Jumps 10% Amid Market Sell-Off | Stock Market Today

Market Performance

Indian equities witnessed heavy profit booking on Friday, August 22, as global cues turned cautious. Benchmark indices saw sharp intraday declines:

• Sensex slipped 600 points (0.73%), touching a low of 81,401
• Nifty 50 fell 0.74%, hitting the day’s low at 24,898

The broader sell-off came as investors stayed on edge ahead of US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. Despite the weakness across sectors, one penny stock bucked the trend.

Akme Fintrade Share Price: Surges 10%

While frontline indices fell, Akme Fintrade (India) Ltd., a small-cap stock trading under ₹10, rallied sharply. The stock rose as much as 10% intraday, hitting a day’s high of ₹7.55.

• This surge came even as the company’s stock remains 42% below its 52-week high of ₹12.97 (August 2024).
• It had touched a 52-week low of ₹6.38 in March 2025.
• Over the last year, the stock has slipped nearly 39%.

Fundraising Trigger: NCD Issue

The rally was driven by Akme Fintrade’s fundraising announcement. The company plans to raise money via Non-Convertible Debentures (NCDs) through a private placement to eligible investors.

Key NCD details include:

• Issue Size: ₹50 crore (one or more tranches/series)
• Face Value: ₹10,000 per debenture (aggregating to ₹50,00,00,000)
• Listing: Proposed on NSE Limited
• Tenure: Up to 24 months (from August 22, 2025, maturing on August 22, 2027)
• Coupon/Interest Rate: 12% per annum, payable monthly
• Principal Repayment: At maturity, as per the Debenture Trust Deed

To safeguard investors, the company committed to maintaining:

• Security Cover: Minimum 1.20x over loan receivables during tenure
• Default Clause: In case of delays exceeding three months, additional 2% annual interest will be levied
• Penalties: For covenant breaches, delay in creating security, or delay in executing the Trust Deed

Stock Price Trend Over the Months

Akme Fintrade’s stock has had a volatile run through 2025.

• August 2025: Up ~3%
• July 2025: Down 8.4%
• June 2025: Down 4.5%
• May 2025: Gained 8.5%
• April 2025: Gained 13%

Earlier this year, the trend was mostly negative:

• March 2025: Down 4%
• February 2025: Down 18.7%
• January 2025: Down 1.6%

This mixed trend shows how investor sentiment has been swinging between sharp declines and short-lived recoveries.

Company Snapshot

Akme Fintrade (India) operates as a financial services provider. Its latest fundraising through secured NCDs highlights the company’s intent to strengthen its balance sheet and meet future growth requirements.

Summary

• Indian stock market saw heavy selling on August 22.
• Sensex dropped 600 points, while Nifty fell 0.74%.
• Akme Fintrade stock surged 10%, bucking the trend.
• The jump came after its ₹50 crore NCD fundraising plan.
• Stock remains 42% below 52-week high and 39% down YoY.
• Volatility has marked its performance, with alternating gains and losses month to month.