Magma Fincorp Ltd is engaged in Financial Services business. Company is listed on both NSE and BSE. NSE symbol for Magma Fincorp Ltd is 'MAGMA' and BSE code for Magma Fincorp Ltd is '524000'.

About Company

Incorporated in 1988,Magma Fincorp Ltd was formerly known as Magma Leasing Limited.The company provides various financial products and services to individual, corporate customers and first-time entrepreneurs in India. It offers a range of financial products and services including commercial vehicle finance, construction equipment finance, car and utility vehicle finance, refinance, strategic construction equipment finance, SME loans, and insurance.

Magma Fincorp Ltd Stock Quotes and Charts

Symbol	Last Trade on	Change	Volume

Today's
Open	High	Low

Previous Day's	52 Weeks
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Website	p://www.magma.co.in
Industry*	Financial Services

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Registered Office:
Magma Fincorp Ltd,
Magma House,
24 Park Street,
Kolkata,West Bengal-700016
Phone:91-033-22291222
E-Mail : kapoor.k@magma.co.in

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1. ganesh 7/27/2010 2:38:04 AM IST	Price @BSE - Rs 350.35 when posted
Buy@ Rs 350.35 For target of Rs 452 In 1 Year. CMP (Rs) 335 Target price (Rs) 452 Potential upside 35% Stock data No. of shares (cr) 2.6 FV (Rs) 10 Market cap (Rs cr) 871 52 week high/low (Rs) 356 / 137 Avg. daily vol.* (shares) 361,946 BSE Code 524000 NSE Code MAGMA Improving NIMs couple with steady collections and ‘Nil` NPAs makes the stock an attractive proposition to invest. At the CMP of Rs 335, it is currently trading at 6.5x PER and 1.5x PB FY2012E. We feel that the company`s valuation should be re-rated, from its historic P/B multiple of 1.7x. Hence we recommend a BUY with a price target of Rs 452, which implies a FY12E P/Adj BV of 2x.

Magma Fincorp Ltd BSE:524000 NSE:MAGMA

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