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MAGMA FINCORP Surges by 13%; BSE 500 Index Flat

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MAGMA FINCORP Surges by 13%; BSE 500 Index Flat
Wed, 27 Mar 02:40 PM

MAGMA FINCORP share price has zoomed 13% and is presently trading at Rs 123.

Meanwhile, the BSE 500 Index is at 15,162 .

Among the top Gainers in the BSE 500 Index today is MAGMA FINCORP (up 12.5%).

ULTRATECH CEMENT and TTK PRESTIGE are among the top losers today.

Over the last one year, MAGMA FINCORP has moved down from Rs 152 to Rs 123, registering a loss of Rs 29 (down 21.4%).

On the other hand, the BSE 500 has moved up from 14,116 to 15,162, registering a gain of 1,046 points (up 6.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 103.3%), ADANI POWER (up 97.1%) and BATA INDIA (up 84.9%).

What About the Benchmark Indices?

The BSE Sensex is at 38,476 (down 0.2%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 4.7%), INDUSIND BANK (up 4.3%) and SBI (up 1.3%). Other gainers include BAJAJ AUTO (up 1.0%) and AXIS BANK (up 0.6%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,546 . YES BANK (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,476, registering a gain of 5,410 points (up 15.5%).

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 7.9x.

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