Magma Fincorp is currently trading at Rs. 96.65, up by 1.20 points or 1.26 % from its previous closing of Rs. 95.45 on the BSE.
The scrip opened at Rs. 95.00 and has touched a high and low of Rs. 100.00 and Rs. 94.50 respectively. So far 74393 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 125.80 on 10-Oct-2016 and a 52 week low of Rs. 73.25 on 31-Mar-2016.
Last one week high and low of the scrip stood at Rs. 100.00 and Rs. 94.50 respectively. The current market cap of the company is Rs. 2289.03 crore.
The promoters holding in the company stood at 26.98%, while Institutions and Non-Institutions held 61.88% and 11.13% respectively.
Magma Fincorp has received approval for sale of non-performing assets (NPA) of the company in one or more tranches from time to time, up to a maximum total amount of Rs 600 crore. The Management Committee of the Board of Directors of the company, at its meeting held on February 27, 2017 has approved for the same.
Magma Fincorp is a non-deposit taking NBFC registered with the Reserve Bank of India (RBI) as an asset finance company. It started operations two decades back and is now listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).