Trending stocks: Magma Fincorp share price jumps 5%

NEW DELHI: Shares of Magma Fincorp Ltd. traded 5.0 per cent up in Friday's trade at 10:43AM (IST). Around 811,446 shares changed hands on the counter.

The scrip opened at Rs 21.5 and touched an intraday high and low of Rs 23.73 and Rs 21.5, respectively, in the session so far. The stock of Magma Fincorp Ltd. quoted a 52-week high of Rs 138.2 and a 52-week low of Rs 12.7.

Total market cap of the Magma Fincorp Ltd. stood at Rs 639.56 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 610.32 crore for the quarter ended 31-Mar-2020, up 0.21 per cent from previous quarter's Rs 609.06 crore and up 1.57 per cent from the year-ago quarter's Rs 620.03 crore.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 11.52 per cent stake in the company, while foreign institutional investors held 27.39 per cent and the promoters 24.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 23.64 and a price-to-book ratio of 0.23. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Magma Fincorp Ltd. belongs to the NBFC - Diversified industry.