Magma Fincorp is currently trading at Rs. 131.90, up by 2.85 points or 2.21% from its previous closing of Rs. 129.05 on the BSE.
The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 134.00 and Rs. 128.75 respectively. So far 21460 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 10-Sep-2014 and a 52 week low of Rs. 62.00 on 26-Sep-2013.
Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 117.10 respectively. The current market cap of the company is Rs. 2488.58 crore.
The promoters holding in the company stood at 33.63% while Institutions and Non-Institutions held 56.60% and 9.77% respectively.
Magma Fincorp is planning to increase its focus on vehicle loans in Andhra Pradesh and Telangana. The company is targeting 20% growth in FY15 by increasing its disbursal of cars and tractors.
The company disbursed Rs 562 crore in the two States during the financial year ended March 31, 2014. It has 24 branches in Andhra and Telangana and would consolidate business rather than expanding them this year.
Magma Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an asset finance company. The company, having started operations over two decades back, is listed on the Bombay Stock Exchange and the National Stock Exchange in India.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 921.70 |
| Shriram Finance | 1016.00 |
| Aditya Birla Capital | 341.00 |
| Chola Invest & Fin. | 1570.00 |
| Tata Capital | 335.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: