Magma Fincorp’s performance boosting up to such an extent in the past few years
In one year, Magma Fincorp generated a 966 percent return. Magma Fincorp’s stock has delivered investors a lot of money in a short period of time. Big Bull Rakesh Jhunjhunwala has also profited handsomely from the company’s stock. So, let’s take a look at the company’s performance.
In just one year, they have made a 966 percent profit. Magma Fincorp is a small-cap corporation with majority of its operations in rural regions. This company’s share price was Rs 15.30 a year ago on June 8, 2020, and it is now worth Rs 160 per share, a 966 percent increase in one year.
If you had invested Rs 1 lakh in it a year ago, you would have received 6666 shares, worth more than Rs 10 lakh now. If you had invested Rs 5 lakh in it a year ago, it would now be worth more than Rs 53 lakh. The market capitalization has surpassed 12 lakh crores. When compared to the BSE Sensex, it has increased by 53 percent in a year.
The company’s financial success, on the other hand, does not correspond to the bullishness of its stock. The company’s loss grew to Rs 647.72 crore from Rs 35.51 crore in the previous financial year’s fourth quarter. In addition, sales decreased 6.14 percent to Rs 572.84 crore. To stay updated with the latest updates on celebrities, Hollywood, sports, technology and business, stay updated with the recent news of The Midget Herald.