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Magma Fincorp soars 45% in 3 days on improved collection efficiency in Q3

Magma Housing Finance has progressed in its action for raising capital, with the aim of accelerating growth in this segment amid strong demand

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Magma Fincorp | Buzzing stocks | Markets

SI Reporter  |  Mumbai 



Magma Fincorp soars 45% in 3-days post December quarter results
Magma Housing Finance (MHFL), a wholly owned subsidiary of Magma Fincorp, continues to carve out a niche for itself in the specialized affordable housing finance space

Shares of were locked in the 10 per cent upper circuit band at Rs 84.95, surging 45 per cent in three days, after the company said disbursements in December quarter (Q3FY21) grew by 45 per cent year on year (YoY) driven by pick-up in used assets and affordable housing.

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First Published: Wed, February 10 2021. 13:50 IST

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