Muthoot Capital Services in green on inking pact with Mahindra & Mahindra

23 Oct 2012 Evaluate

Muthoot Capital Services is currently trading at Rs. 86.75, up by 1.30 points or 1.52% from its previous closing of Rs. 85.45 on the BSE.

The scrip opened at Rs. 88.00 and has touched a high and low of Rs. 88.00 and Rs. 84.00 respectively. So far 7,290 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.00 on 23-Oct-2012 and a 52 week low of Rs. 51.15 on 09-Jan-2012.

Last one week high and low of the scrip stood at Rs. 88.00 and Rs. 84.00 respectively. The current market cap of the company is Rs. 108.00 crore.

The promoters holding in the company stood at 75.00% while Non-Institutions held 25.00% respectively.

Mahindra & Mahindra, country’s largest commercial vehicle maker has inked pact with Muthoot Capital Services by signing a preferred financier agreement for vehicle finance related services. With this tie-up both the companies will leverage on the inherent strength of each other’s network of over 250 dealer outlets and 3,000 financial services outlets across the country.

As per the plan, initially this tie up will be established in south India, Goa, Maharashtra and Gujarat and the services will be positioned aggressively at par with the prevailing market rates. Through this initiative, Muthoot Capital Services aimed at having a decisive stake in the growing auto finance segment as the three-wheeler segment is picking up quite well despite the difficult market conditions.

Muthoot Capital Services (MCSL), established in February 1994, is a Non Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and is listed on the Bombay Stock Exchange.

Muthoot Capital Serv Share Price

335.25 -17.85 (-5.06%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6836.60
Shriram Finance 2871.75
Aditya Birla Capital 186.20
SBI Cards AndPayment 687.35
Mah & Mah Finl. Serv 266.40
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