This rise comes after four consecutive days of declines.
While the stock is trading above its long-term moving averages (50-day, 100-day, and 200-day), it remains below its short-term moving averages (5-day and 20-day).
Mufin Green Finance Ltd. (Mufin GFL), a Kolkata-based electric vehicle (EV) finance company, saw its stock price jump on Tuesday. Here’s a breakdown of the key points:
- Market context: This occurred while the broader market indices, Sensex and Nifty, were also experiencing gains. Sensex rose by 305.09 points, and Nifty gained 76.30 points.
- Mufin GFL’s performance: The company’s shares reached an upper circuit limit of 5%, meaning they hit the maximum allowed daily increase and stopped trading further. This resulted in a closing price of ₹224.
- Recent performance: While Mufin GFL’s stock saw a decline in the last five days, it has provided a 2.26% return to investors over the past month.
- Long-term growth: Notably, the share price has increased by 70% in the past six months, rising from ₹134 to ₹224. This highlights a significant long-term upward trend.
- Market cap and range: Mufin GFL has a current market capitalization of approximately ₹3,580 crores. The share price has ranged between a 52-week high of ₹274 and a 52-week low of ₹108.
1:1 Stock Split, 2:1 Bonus
April 2023: A 2:1 stock split doubled outstanding shares with no change in overall value, making them more affordable.
July 2023: A 2:1 bonus issue further increased shares without affecting company value.
About Mufin Green Finance
Mufin Green Finance, established in 2016, is India’s sole publicly listed non-banking financial company (NBFC) dedicated solely to financing electric vehicles (EVs). With a capital base of 150 Crore and a disbursement history of 250 Crore, they have financed over 300 Crore worth of EV assets in the past two years.
Their commitment to sustainability and financial inclusion has positioned them as a leading EV finance provider across 14 Indian states. Currently, they hold a 7-8% market share in E-rickshaw financing.
Mufin Green Finance aims to revolutionize India’s EV industry by offering tailored financing solutions that cater specifically to the needs of this growing sector.
Fundamental Analysis of Mufin Green Finance Ltd
| Market Cap | ₹ 3,579.06 Cr. |
| Advances | ₹ 0 Cr. |
| No. of Shares | 15.95 Cr. |
| P/E | 244.07 |
| P/B | 16.83 |
| Face Value | ₹ 1 |
| Div. Yield | 0 % |
| Book Value (TTM) | ₹ 13.33 |
| Operating Revenue | ₹ 35.16 Cr. |
| Net Profit | ₹ 8.12 Cr. |
| Promoter Holding | 58.18 % |
| EPS (TTM) | ₹ 0.92 |
| Sales Growth | 130.47 % |
| ROE | 6.40 % |
| ROCE | 6.98 % |
| Profit Growth | -25.41 % |
Conclusion
This article serves as a comprehensive guide to the 1:1 Stock Split, 2:1 Bonus, 67% Return in 1 Years: EV-related Share Hit Upper Circuit. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
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This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.
