Manappuram Finance, the credit rated gold loan company, witnessed a rise in share price on Thursday after the company disclosed a sharp rise in consolidated net profit for the quarter ended December 2016. During the quarter, the profit of the company rose 2.02 times to Rs 2,025.40 million from Rs 1,003.41 million in the same quarter last year.
Revenues for the quarter surged 46.19% to Rs 9,051.98 million, compared with Rs 6,192 million for the prior year period.
Shares of Manappuram Finance are trading at Rs 100.35, up Rs 7.4, or 7.96% at the Bombay Stock Exchange (BSE) on Thursday at 9:59 a.m.
The scrip has touched an intra-day high of Rs 105.00 and low of Rs 99.40. The total volume of shares traded at the BSE is 2,181,888.
Total volume of shares traded on the bourses today was higher by 206.79% to 13,648,564 compared with 22-day average volume of 4,448,842.