DJS STOCK & SHARES LIMITED is a public limited company incorporated in April 1994 under Indian Companies Act, 1956 and is also listed on the Bombay Stock Exchange.
(BSE Code – 511636).
The Company has membership of following Stock Exchanges:
1. Bombay Stock Exchange
2. National Stock Exchange (Cash Market Segment and F & O segment)
3. National Stock Exchange (Currency segment)
5. CDSL Depository Participant
6. Calcutta Stock Exchange
7. OTC Exchange
8. Saurashtra Kutch Stock Exchange – Rajkot
During the Second Half of the previous financial year 2010-11, there was a change in the Management of the Company. The new management has decided to revive the business of the Company and to expedite the process of establishing the Company in the market. During the phase of recovery, the challenge before the Company is to strike the right balance between achieving growth and still maintaining enough liquidity.
The Indian Capital Markets have performed better than most others during the financial year. The Company believes that the long-term growth of the Indian Economy remain intact though there would be several short-term upheavals like crude oil prices, commodity prices and interest rate in India. The Company foresees the year ahead of it as one of consolidation as there will be a lot of activity in all the verticals of the Capital Market. The projected growth of the Indian Economy with the resultant growth in the capital markets compels the Company to identify the enabling factors and to work towards putting them in place at the earliest.
The Company is planning to set up a network of its branches and franchisees throughout India. The Company puts its main focus on Brokerage Services including equity and debt broking for institutional, HNI and retail Clients and for that to set up a robust equity research platform to provide professional insights and perspective on investing ideas and strategies. To manage the risk of the clients the Company follows prudent business and risk management practices, hedging the risk of investments on the advice of the expertise equity research team engaged by the Company.
The Company has already taken the necessary steps for building a team of able and experienced industry professionals and has taken on its Board two independent Directors, CA. Manoj More and CA. Nawal Bansal. The Company will also put in place a well defined in-house training program for its employees.
The Company is planning to come out with a preferential issue within the next twelve months. However to immediately finance for the working capital and other capital cost Company is looking to raise fund on a short-term basis from banking or other private financial institution.