Mufin Green Finance stock rises 3.5% on fundraising announcement after 5000% five-year gain

Mufin Green Finance shares rose 3.5% on Friday after the company announced plans to raise funds through non-convertible debentures. The stock has increased over 5,000% in the past five years, reflecting strong post-COVID recovery. The board approved the fundraising of up to ₹15 crore through private placement. Following this news, the stock closed about 2% higher than its previous close, reaching an intraday high of ₹125. In the last month, Mufin Green Finance delivered 14% returns, while it gained 9% over six months. The stock is currently trading between ₹105 and ₹140, with analysts suggesting a buy-on-dips strategy.