Manappuram Finance Ltd.

Manappuram Finance is currently trading at Rs 23.25, up by 0.20 points or 0.87% from its previous closing of Rs 23.05 on the BSE.

The scrip opened at Rs 22.95 and has touched a high and low of Rs 23.40 and Rs 22.75 respectively. So far 4263689 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 67.10 on 14-Nov-2011 and a 52 week low of Rs 18.60 on 10-May-2012.

Last one week high and low of the scrip stood at Rs 24.15 and Rs 21.50 respectively. The current market cap of the company is Rs 1938.86 crore.

The promoters holding in the company stood at 31.55% while Institutions and Non-Institutions held 36.27% and 32.18% respectively.

Credit rating agency, CRISIL has reaffirmed ‘A1+’ rating for various debt programs of Manappuram Finance, and removed the rating from ‘Rating watch with Developing Implications’. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of debt obligations.

Manappuram Finance is one of the largest gold loan companies in India operating from Valapad, Kerala. It reported a jump of 83.65% in its net profit at Rs 186.96 crore for the quarter ended March 31, 2012 as compared to Rs 101.80 crore for the same quarter a year ago.