M&M Financial Services gains after block deal

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Capital Market Mumbai
Last Updated : Apr 24 2013 | 1:41 PM IST

Meanwhile, the BSE Sensex was up 187.86 points or 0.98% at 19,442.95.

On BSE, 5.78 lakh shares were traded in the counter as against average daily volume of 32,645 shares in the past one quarter.

The stock hit a high of Rs 1,128 and a low of Rs 1,096.70 so far during the day. The stock had hit a record high of Rs 1,151 on 12 December 2012. The stock had hit a 52-week low of Rs 590.10 on 28 December 2011.

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The stock had outperformed the market over the past one month till 24 December 2012, surging 10.99% compared with the Sensex's 4.04% rise. The scrip had also outperformed the market in past one quarter, jumping 28.61% as against Sensex's 3.12% gain.

The large-cap company has equity capital of Rs 113.75 crore. Face value per share is Rs 10.

MMFSL's board of directors at a meeting held on 21 December 2012 approved a 5-for-1 stock split

MMFSL's consolidated net profit jumped 41.1% to Rs 192.51 crore on 46.2% growth in total income to Rs 975.62 crore in Q2 September 2012 over Q2 September 2011.

MMFSL is one of India's leading non-banking finance companies (NBFC) with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for purchases of utility vehicles, tractors and cars. MMFSL is part of the Mahindra Group.

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First Published: Dec 26 2012 | 11:32 PM IST

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