Magma Fincorp, Mumbai-based Non-Banking Financial Company (NBFC) has bagged the "Best NBFC of the Year 2019" Award at the recently held India Banking Summit and Awards 2019 for showcasing strength amid challenging times. The award was introduced to acknowledge and reward exceptional performances of the trailblazers of the financial sector, on the face of an ever increasing competitive market scenario.
Commenting on Magma Fincorp's big win, Mr Sanjay Chamria, Vice Chairman and MD, Magma Fincorp Limited said, "It is an honour that Magma Fincorp has been nominated and selected for the coveted award. I accept the honour on behalf of the 10400 Magmaites whose hard work is finally getting noticed and recognised by the industry. At Magma, we serve the under banked and the disenfranchised and remain committed in our goal to provide financial freedom to them".
At a function in Novotel, Mumbai on 14 June 2019, the award was handed over to Manish Jaiswal, MD & CEO, Magma Housing Finance & SME.
Shares of MAGMA FINCORP LTD. was last trading in BSE at Rs.122.7 as compared to the previous close of Rs. 131.1. The total number of shares traded during the day was 25703 in over 264 trades.
The stock hit an intraday high of Rs. 130.8 and intraday low of 122.7. The net turnover during the day was Rs. 3320843.