Magma Fincorp Ltd
MAGMA

103.40

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

102.90

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Buy
Reco. Price
Rs 100.40
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 1.08x in FY17E. (Target Price - Rs.115)
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50 DMA (.)
99.04
100 DMA (.)
101.11
200 DMA (.)
102.97
Weekly Range (.)
98.45
108.50
Monthly Range (.)
94.25
108.50
52 Weeks Range (.)
73.25
125.65
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