Shares of Share Samadhan Limited rose over 3%, reaching an intra-day high of Rs 77.22 on the BSE after the company announced that it secured a contract for litigation funding consulting related to emerging claims, including damages estimated at approximately Rs 1,240 crore. The engagement will operate on a success-fee basis, with final fees tied to the amounts successfully recovered or settlements achieved.
Stock Performance Since Listing
Newly listed shares of Share Samadhan have demonstrated strong positive returns across various time frames. In the last five days, the stock delivered a 20.88% gain, reflecting robust momentum. Over the past week, the stock continued its upward trend with returns of 23.17%, signaling strong performance.
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Since the listing date, the stock has remained in positive territory, yielding over 3%. Looking at a broader perspective, the shares have maintained consistent strength, posting a 2% gain.
Management Comment on Rs 1240 cr order
“Share Samadhan, through its subsidiary Nyaya Mitra Limited, aims to establish a foothold in the Third-Party Litigation Funding space, which is currently valued at approximately USD 17.5 billion in 2024 and is projected to reach USD 67.2 billion by 2037,” said stated Vikash Jain, Co-founder and CEO of Share Samadhan Limited.
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Jain also stated that this contract underscores company’s commitment to facilitating corporate claims and supporting clients in complex cases to assert their legal rights.
Technical Outlook on Stock
Commenting on the technical outlook Anshul Jain, Head of Research, Lakshmishree Investment & Securities said that on the daily chart, Samadhan is forming a solid 25-day IPO base with noticeably low volumes during consolidation. However, recent rallies toward the neckline are seeing increased volumes, particularly on bullish candles, signaling accumulation by strong hands.
Jain also added that if the stock sustains above the Rs 77 level for a week, it could trigger a breakout from this base. This technical setup suggests a potential upward move, with the stock likely to reach Rs 105 in the short term. Investors should keep an eye on this critical level as sustained strength could lead to significant gains.
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