Manappuram Finance is currently trading at Rs. 22.90, up by 0.40 points or 1.78% from its previous closing of Rs. 22.50 on the BSE.
The scrip opened at Rs. 22.75 and has touched a high and low of Rs. 23.50 and Rs. 22.75 respectively. So far 68368 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 35.65 on 11-Mar-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. 23.50 and Rs. 22.20 respectively. The current market cap of the company is Rs. 1934.78 crore.
The promoters holding in the company stood at 31.55% while Institutions and Non-Institutions held 43.29% and 25.16% respectively.
As part of its diversification plans, Manappuram Finance will shift its focus from single product lending company to multi products marketing entity. In this regard, the company will soon start lending to housing, SME business, vehicles, microfinance loans within a year by earmarking an initial investment Rs 100 crore.
Moreover, the company has chalked out a vision 2020 wherein it aims to garner a business revenue of Rs 50,000 crore and to upgrade its assets under management to Rs 30,000 crore.
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.
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