Magma Fincorp is currently trading at Rs. 99.55, up by 3.65 points or 3.81% from its previous closing of Rs. 95.90 on the BSE.
The scrip opened at Rs. 100.90 and has touched a high and low of Rs. 104.50 and Rs. 98.85 respectively. So far 1, 11,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 110.40 on 10-Jan-2013 and a 52 week low of Rs. 54.25 on 17-May-2012.
Last one week high and low of the scrip stood at Rs. 105.70 and Rs. 90.70 respectively. The current market cap of the company is Rs. 1,891 crore.
The promoters holding in the company stood at 33.67% while Institutions and Non-Institutions held 56.36% and 9.97% respectively.
The company has posted about three-fold growth its net profit at Rs 33.00 crore for the quarter as compared to Rs 11.28 crore for the same quarter in the previous year. Total income of the company has increased by 56.45% at Rs 405.54 crore for quarter under review as compared to Rs 259.22 crore for the quarter ended December 31, 2011.
On consolidated basis, the company has posted growth of over two-fold in its net profit at Rs 36.42 crore for the quarter as compared to Rs 13.21 crore for the same quarter in the previous year. Total income of the company has increased by 55.20% at Rs 423.94 crore for quarter under review as compared to Rs 273.15 crore for the quarter ended December 31, 2011.
