Manappuram Finance is currently trading at Rs. 16.20, up by 1.15 points or 7.64% from its previous closing of Rs. 15.05 on the BSE.
The scrip opened at Rs. 15.10 and has touched a high and low of Rs. 16.25 and Rs. 15.00 respectively. So far 618021 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 46.00 on 04-Jan-2013 and a 52 week low of Rs. 9.85 on 16-Jul-2013.
Last one week high and low of the scrip stood at Rs. 16.25 and Rs. 14.80 respectively. The current market cap of the company is Rs. 1287.05 crore.
The promoters holding in the company stood at 31.55% while Institutions and Non-Institutions held 44.11% and 24.33% respectively.
Manappuram Finance is reportedly planning to enter into home finance business in 6 months. Moreover, the company is also planning to start secured lending to small and medium enterprises (SMEs) in coming 6 months. At present, the company is mainly engaged in providing retail advances against bullion asset collaterals, in the form of household used jewellery.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh and had 2,908 branches across India at the end of FY’12.
| Company Name | CMP |
|---|---|
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| Chola Invest & Fin. | 1507.50 |
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