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MAGMA FINCORP Plunges by 5%; BSE 500 Index Down 1.1%

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MAGMA FINCORP Plunges by 5%; BSE 500 Index Down 1.1%
Mon, 25 Mar 02:10 PM

MAGMA FINCORP share price has plunged 5% and is presently trading at Rs 109.

Meanwhile, the BSE 500 Index is at 15,008 (down 1.1%).

Among the top losers in the BSE 500 Index today are MAGMA FINCORP (down 5.0%) and BOMBAY DYEING (down 5.4%).

RURAL ELECTRIFICATION (up 8.7%) and POWER FINANCE CORPORATION (up 4.9%) are among the top gainers today.

Over the last one year, MAGMA FINCORP has moved down from Rs 146 to Rs 109, registering a loss of Rs 36 (down 24.9%)..

The BSE 500 has moved up from 14,105 to 15,008, registering a gain of 903 points (up 6.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 98.9%), ADANI POWER (up 91.2%) and BATA INDIA (up 88.3%).

What About the Benchmark Indices?

The BSE Sensex is at 38,017 (down 1.2%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 2.0%). The most traded stocks in the BSE Sensex are ONGC and NTPC.

In the meantime, NSE Nifty is at 11,396 (down 1.1%). IOC (up 2.5%) and POWER GRID (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,006 to 38,017, registering a gain of 5,011 points (up 14.3%).

MAGMA FINCORP Financial Update...

MAGMA FINCORP net profit stood at Rs 767 million for the quarter ended December 2018, compared to a profit of Rs 650 million a year ago. Net Sales rose 7.6% to Rs 6.2 billion during the period as against Rs 5.8 billion in October-December 2017.

For the year ended March 2014, MAGMA FINCORP reported 10.1% increase in net profit to Rs 1.6 billion compared to net profit of Rs 1.4 billion during FY13.

Revenue of the company grew 26.0% to Rs 21 billion during FY14.

The current Price to earnings ratio of MAGMA FINCORP, based on rolling 12 month earnings, stands at 7.0x.

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