Meanwhile, the BSE Sensex was down 6.34 points or 0.04% to 17,226.21.
On BSE, 23,114 shares were traded in the counter as against average daily volume of 2,096 shares in the past two weeks.
The stock hit a high of Rs 70.40 and a low of Rs 67 so far during the day.
Shares of Magma Fincorp have jumped 8.41% in two trading sessions from Rs 63 on Wednesday, 11 July 2012, after the company reported strong Q1 June 2012 results during trading hours on Thursday, 12 July 2012. The stock had surged 5.55% to settle at Rs 66.50 on that day.
Magma Fincorp's consolidated net profit jumped 89.6% to Rs 31.05 crore on 59.1% growth in total income to Rs 351.89 crore in Q1 June 2012 over Q1 June 2011.
Magma Fincorp is one of the largest asset finance companies in India. The company has a pan India presence with over 200 locations in 21 states and 1 Union Territory (UT).
Powered by Capital Market - Live News