Magma Fincorp is currently trading at Rs. 174.45, up by 5.60 points or 3.32% from its previous closing of Rs. 168.85 on the BSE.
The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 176.50 and Rs. 170.00 respectively. So far 21785 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 176.50 on 13-Jul-2017 and a 52 week low of Rs. 86.50 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 176.50 and Rs. 161.65 respectively. The current market cap of the company is Rs. 4147.04 crore.
The promoters holding in the company stood at 27.75%, while Institutions and Non-Institutions held 49.31% and 22.94% respectively.
Magma Fincorp is planning to disburse Rs 6,000 crore in FY18 in the asset finance business category. The company’s disbursal in FY17 was Rs 4,700 crore in the asset finance category.
Moreover, the company currently has 300 branches spread across the country and is planning to open 30 more branches in the current fiscal in Gujarat.
The gross non-performing asset (NPA) of the company improved to 6.7 per cent in March 2017 from 8.1 per cent in March 2016.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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