Manappuram Finance soars on the Group’s plans to invest Rs 1,000 crore over next 4-5 years

09 Dec 2011 Evaluate

Manappuram Finance is currently trading at Rs. 54.90, up by 0.70 points or 1.29% from its previous closing of Rs. 54.20 on the BSE.

The scrip opened at Rs. 53.75 and has touched a high and low of Rs. 55.80 and Rs. 52.55 respectively. So far 47527 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 78.00 on 29-Dec-2010 and a 52 week low of Rs. 41.85 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 60.35 and Rs. 52.55 respectively. The current market cap of the company is Rs. 4558.78 crore.

The promoters holding in the company stood at 36.60% while Institutions and Non-Institutions held 33.16% and 30.24% respectively. 

Manappuram Finance group - has earmarked nearly Rs 1,000 crore for investment over the next four to five years. The company plans to utilize this investment for setting up a chain of 50 sophisticated medical, dental and diagnostics clinics across South India.

Further towards this development, the company will launch its first diagnostics centre and International Dental Hospital in Kaloor (Kochi) on December 10. Equipped with a high performance mammography machine from GE Healthcare, this is the first such installation in Kerala. The centre also offers fully automated microbiology, biochemistry and pathology labs and digital x-ray. Moreover, the centre would provide a triple test - ultrasound scan, mammogram and fine needle aspiration cytology - for early detection of breast diseases.

Besides this, a super specialty medical centre will also come up at the centre shortly that will offer services of expert doctors from all fields of medicine, including cardiology, nephrology, neurology and gastroenterology units.

Manappuram Finance Share Price

181.20 -2.45 (-1.33%)
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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