Aug 02, 2012, 11.01 AM IST

Manappuram Finance rises 3% on solid Q1 numbers

Shares of gold loan financing company Manappuram Finance gained more than 3% on Thursday after the company's net profit went up by 46% year-on-year to Rs 157.7 crore in the quarter ended June 2012.

Source: Moneycontrol.com
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Shares of gold loan financing company Manappuram Finance gained more than 3% on Thursday after the company's net profit went up by 46% year-on-year to Rs 157.7 crore in the quarter ended June 2012.


Even its total income from operations rose by 46% to Rs 711.2 crore from Rs 488.4 crore during the same period.


At 09:48 hours IST, the share was trading at Rs 35.20, up 2.92% amid heavy volumes.
 
Yesterday the share rose 1.48% to close at Rs 34.20. Market capitalisation of the company currently stands at Rs 2,960.86 crore.


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