MAGMA FINCORP Plunges by 5%; BSE 500 Index Down 0.1%
July 25, 2019 01:36 PM

MAGMA FINCORP share price has plunged 5% and is presently trading at Rs 81.

Meanwhile, the BSE 500 Index is at 14,620 (down 0.1%).

Among the top losers in the BSE 500 Index today are MAGMA FINCORP (down 5.1%) and TVS SRICHAKRA (down 6.3%).

RELIANCE INFRA (up 6.7%) and ICICI PRUDENTIAL LIFE INSURANCE (up 6.2%) are among the top gainers today.

Over the last one year, MAGMA FINCORP has moved down from Rs 143 to Rs 81, registering a loss of Rs 62 (down 43.2%)..

The BSE 500 has moved down from 14,994 to 14,620, loss of 374 points (down 2.5%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 133.4%), PROCTER & GAMBLE HEALTH (up 100.0%) and VINATI ORGANICS (up 94.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,170 (down 0.2%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 2.4%). The most traded stocks in the BSE Sensex are POWER GRID and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,361 (down 0.1%). CIPLA (up 3.7%) and INDUSIND BANK (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,825 to 38,170, registering a gain of 1,345 points (up 2.6%).

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 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 6.3x.