Magma Fincorp Ltd
MAGMA

116.50

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Turnover (lac)
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Day's Vol.(shares)

116.00

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Buy
Reco. Price
Rs 116.80
We recommend BUY on the stock on account of expansion in NIM and stable operating expenditure in FY17E. Also company is expecting stable NPA owing to optimal monsoon this year. We target stock to trade at a P/BV of 1.26x in FY17E. (Target Price - Rs.134)
Detailed View
50 DMA (.)
106.36
100 DMA (.)
103.77
200 DMA (.)
104.38
Weekly Range (.)
112.75
123.40
Monthly Range (.)
100.80
128.60
52 Weeks Range (.)
85.50
128.60
Detailed Chart
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