Magma Fincorp edges higher on aiming asset growth of Rs 3,000 crore in FY20

05 Apr 2019 Evaluate

Magma Fincorp is currently trading at Rs. 120.90, up by 0.30 points or 0.25% from its previous closing of Rs. 120.60 on the BSE.

The scrip opened at Rs. 120.60 and has touched a high and low of Rs. 121.50 and Rs. 120.60 respectively. So far 20479 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 193.50 on 22-May-2018 and a 52 week low of Rs. 81.00 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 122.40 and Rs. 116.85 respectively. The current market cap of the company is Rs. 3256.13 crore.

The promoters holding in the company stood at 24.42%, while Institutions and Non-Institutions held 62.41% and 13.18% respectively.

Magma Fincorp is aiming an asset growth of around Rs 3,000 crore in the 2019-20 fiscal. The company is looking to raise up to Rs 500 crore in secured NCDs, including the greenshoe option. The company will also explore foreign funds, including external commercial borrowing (ECBs).

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).

Poonawalla Fincorp Share Price

320.40 -0.50 (-0.16%)
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Peers
Company Name CMP
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Aditya Birla Capital 183.15
SBI Cards AndPayment 675.20
Mah & Mah Finl. Serv 266.75
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