Manipal Finance Corporation Share Price

Incorporated in Mar.84, Manipal Finance Corporation Ltd was promoted by the Pais of Manipal. The Company is concentrating only on recovery of its dues and settling the debts. The Company core activity is presently restricted to recovery of pending dues. Efforts are being made to contact the individual investors to refund the unclaimed investments.The companys rights issue in 1994 at a premium of Rs 5 received an overwhelming response. During 199495, the company opened two new branches, at Nellyadi, Karnataka, and at Malad, Bombay. The total number of branches of the company stands increased at 50.In view of the nonavailability of sufficient limit for acceptance of deposits during 199495, the company could not attain the desired improvement in disbursements under its hirepurchase scheme.With the enhancement in the net worth position of the company consequent to allotment of shares and creation of additional reserves as in Mar.95, the company could improve its borrowing strength.The company suffered a loss of Rs.1591.16 lakhs for the year 19992000, as compared to Rs.177.54 lakhs in the previous year.

As of , Manipal Finance Corporation share price is ₹16.6. The stock opened at ₹16.6 and had closed at ₹16.6 the previous day. During today’s trading session, Manipal Finance Corporation share price moved between ₹16.63 and ₹16.63, with an average price for the day of ₹16.63. Over the last 52 weeks, the stock has recorded a low of ₹5.27 and a high of ₹21.73. In terms of performance, Manipal Finance Corporation share price has increased by 111.3% over the past six months and has increased by 215.56% over the last year.