Mega Corporation gains on planning to launch new division

Mega Corporation Ltd. | Finance - NBFC | BFSI | BSE: 531417 | NSE:

22 Oct 2024 Evaluate

Mega Corporation is currently trading at Rs. 4.12, up by 0.05 points or 1.23% from its previous closing of Rs. 4.07 on the BSE.

The scrip opened at Rs. 3.99 and has touched a high and low of Rs. 4.19 and Rs. 3.87 respectively. So far 55511 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 5.69 on 01-Feb-2024 and a 52 week low of Rs. 2.00 on 21-Dec-2023.

Last one week high and low of the scrip stood at Rs. 4.57 and Rs. 3.87 respectively. The current market cap of the company is Rs. 41.20 crore.

The promoters holding in the company stood at 51.81%, while Non-Institutions held 48.19% stake in the company.

Mega Corporation has planned to launch a new division dedicated to financing for/to Electric Vehicle (EV) including EV batteries, rickshaws and other related ventures and projects. This initiative, branded as ‘Lendingo’ aims to support the growing EV sector and contribute to sustainable solutions.

The establishment of ‘Lendingo’ aligns with its strategic objectives in addition to its financial services portfolio and foster internal growth within the company. By facilitating accessible financing options for EVs, it aims to promote the adoption of electric mobility as part of its green funding initiatives. This effort supports environmental sustainability while also enhancing its engagement with the Micro, Small, and Medium Enterprises (MSME) sector by extending credit to registered MSMEs.

Mega Corporation is engaged in the business of operating 24 hours air conditioned Radio Taxi services under the brand name Mega Cabs.

Mega Corporation Share Price

3.93 -0.03 (-0.76%)

07-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Finance	972.55
Shriram Finance	1015.40
Aditya Birla Capital	368.90
Chola Invest & Fin.	1689.15
Tata Capital	325.90
View more..

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