A bulk transaction in the stock market occurs when the total number of shares bought or sold surpasses 0.5% of the company’s share capital. Following a large transaction, this small-cap company’s stocks fell ~2% on Friday.
Manapuram Finance Ltd
The company has a market capitalization of Rs. 11,959 Cr., making it a small-cap. At 13.25 p.m. Shares of this trading 2% down at Rs. 139.40 apiece on BSE.
According to the Bse bulk deal data, Quinag Acquisition (FPI) Ltd Sold 8.3 Cr shares at Rs. 140.50 apiece, Mansi Share & Stock Advisors PVT Ltd bought 63.2 lakh shares at Rs.149.29 apiece, BOFA (Bank of America) Securities bought 62.6 lakh shares at Rs. 140.17 apiece, Charted Finance and Leasing bought 50 lakh shares at Rs. 140.30 apiece and F3 Advisors Pvt Ltd bought 47.7 lakh shares at Rs. 142.35 apiece.
As per the company filing, the total consolidated revenue increased by 37% YoY from Rs. 1,502.73 Cr in Q1 FY23 to Rs. 2,057.17 Cr in Q1 FY24, for the same period net profit grew by 76% YoY from Rs. 281.92 Cr to Rs. 498.02 Cr.
As of June 2023, Promoters hold 35.2% and Public hold a 64.8% stake in this company.
Non-banking financial solutions are offered by Manappuram Finance Ltd (MFL). It offers a variety of loan products, including gold loans, loans secured by property, personal loans, loans for small and medium-sized businesses, and loans for commercial vehicles.
Written by Sheshadri N
