Support and Resistance Levels
Past performance
About Richfield Financial Services Ltd Richfield Financial Services Ltd., established in 1992, is a company engaged in trading shares and securities, short-term financing, and providing financial services such as merchant banking, stock-broking, and portfolio management. It also undertakes project consultancy, loan syndication, and capital structuring, alongside fund-based activities like leasing and investments. The firm maintains a Data Bank and Research Division to offer technical analysis to investors. Richfield’s strategy includes holding existing investments as long-term assets, although their market value surpasses book value, implying potential unrealized gains.
The company initially went public in 1996 to enhance its capital base and support its expanding operations through equity infusion. Although it faces risks related to untimely repayments in short-term financing, it prioritizes careful scrutiny of potential clients. Formerly owning subsidiaries Bhadrakut Vinimay Ltd and Vishaldhar Vinimay Ltd, these ceased to be subsidiaries by 2017. Richfield’s approach to finance positions it to leverage both equity and debt for growth.