Manappuram Finance rose 5.75% to Rs 25.75 at 9:30 IST on BSE after consolidated net profit rose 34.31% to Rs 59.30 crore on 17.9% rise in total income to Rs 540.96 crore in Q1 June 2015 over Q1 June 2014.
The result was announced after market hours on Friday, 14 August 2015.
Meanwhile, the BSE Sensex was down 303.43 points, or 1.08%, to 27,763.88.
On BSE, so far 1.07 lakh shares were traded in the counter, compared with an average volume of 1.58 lakh shares in the past one quarter.
The stock hit a high of Rs 26.25 and a low of Rs 25.20 so far during the day. The stock hit a 52-week high of Rs 38.75 on 21 November 2014. The stock hit a 52-week low of Rs 21.65 on 18 August 2014.
The stock had underperformed the market over the past one month till 14 August 2015, falling 12.25% compared with 0.48% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 29.83% as against Sensex's 3.17% rise.
The mid-cap company has an equity capital of Rs 168.24 crore. Face value per share is Rs 2.
Separately, Manappuram Finance announced after market hours on Friday, 14 August 2015, that its board approved acquisition of Manappuram Insurance Brokers for Rs 1.55 crore, subject to the approval of Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority (IRDA).
Manappuram Finance is a leading non-banking financial company (NBFC), providing finance against household gold ornament.
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