MAGMA FINCORP Share Price Down by 6%; BSE 500 Index Down 1.3%

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MAGMA FINCORP Share Price Down by 6%; BSE 500 Index Down 1.3%
Mon, 21 Sep 01:58 PM

MAGMA FINCORP share price has plunged 6% and is presently trading at Rs 39.

Meanwhile, the BSE 500 Index is at 15,235 (down 1.3%).

Among the top losers in the BSE 500 Index today are MAGMA FINCORP (down 5.6%) and FINE ORGANIC INDUSTRIES (down 5.6%).

GSK CONSUMER (up 5.1%) and SYNDICATE BANK (up 3.8%) are among the top gainers today.

Over the last one year, MAGMA FINCORP has moved down from Rs 61 to Rs 39, registering a loss of Rs 22 (down 36.1%)..

The BSE 500 has moved up from 14,038 to 15,235, registering a gain of 1,197 points (up 8.5%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 1089.0%), LAURUS LABS LTD (up 333.0%) and DIXON TECHNOLOGIES (up 281.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,991 (down 0.8%). The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 2.0%). The most traded stocks in the BSE Sensex are HCL TECHNOLOGIES and INFOSYS.

In the meantime, NSE Nifty is at 11,535 (down 0.9%). INFOSYS (up 2.1%) and HCL TECHNOLOGIES (up 2.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,481 to 38,991, registering a gain of 2,510 points (up 5.67%).

MAGMA FINCORP Financial Update...

MAGMA FINCORP net profit down at Rs 121 million for the quarter ended June 2019, compared to a loss of Rs 767 million a year ago. Net Sales rose 1.0% to Rs 6.3 billion during the period as against Rs 6.2 billion in April-June 2018.

For the year ended March 2018, MAGMA FINCORP reported 1710.1% increase in net profit to Rs 2.3 billion compared to net profit of Rs 127.0 million during FY17.

Revenue of the company grew 4.7% to Rs 22 billion during FY18.

The current Price to earnings ratio of MAGMA FINCORP, based on rolling 12 month earnings, stands at 3.3x.



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