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  • Magma Fincorp Ltd BSE:524000 NSE:MAGMA

    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
    Close Low - High
      Website   p://www.magma.co.in
      Industry*   Financial Services

                 
     iCharts.in

    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

     

    Magma Fincorp Ltd Current News Refresh News

     

    Messages for Magma Fincorp Ltd

    Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Stockfry.com or its staff.
    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.
     

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