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Friday, 31 October 2014

Manappuram Finance surges on reporting 10% rise in Q2 net profit

Manappuram Finance is currently trading at Rs. 32.55, up by 0.35 points or 1.09% from its previous closing of Rs. 32.20 on the BSE.
The scrip opened at Rs. 32.70 and has touched a high and low of Rs. 33.35 and Rs. 32.25 respectively. So far 886540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 33.35 on 31-Oct-2014 and a 52 week low of Rs. 14.05 on 07-Jan-2014.
Last one week high and low of the scrip stood at Rs. 33.35 and Rs. 28.30 respectively. The current market cap of the company is Rs. 2750.75 crore.
The promoters holding in the company stood at 32.01% while Institutions and Non-Institutions held 42.87% and 25.12% respectively.
Manappuram Finance has registered 9.64% rise in its net profit at Rs 76.43 crore for the quarter under review as compared to Rs 69.71 crore for the same quarter in the previous year. However, total income of the company has decreased 7.70% at Rs 504.58 crore for Q2FY15 as compared Rs 546.69 crore for the corresponding quarter previous year.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Prades

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