Manappuram Finance rose 3.13% to Rs 21.40 at 15:15 IST on BSE on bargain hunting after the stock fell 9.19% in the preceding five trading sessions to Rs 20.75 yesterday, 10 September 2015, from a recent high of Rs 22.85 on 3 September 2015.
Meanwhile, the BSE Sensex was down 87.66 points, or 0.34%, to 25,534.51.
On BSE, so far 9.14 lakh shares were traded in the counter, compared with an average volume of 1.99 lakh shares in the past one quarter.
The stock hit a high of Rs 21.70 and a low of Rs 20.20 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 19.75 on 10 September 2015.
The stock had underperformed the market over the past one month till 10 September 2015, falling 19.73% compared with 8.82% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 25.23% as against Sensex's 4.54% decline.
The small-cap company has an equity capital of Rs 168.24 crore. Face value per share is Rs 2.
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On a consolidated basis, Manappuram Finance's 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.
Manappuram Finance is a leading non-banking financial company (NBFC), providing finance against household gold ornament.
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