Moneyboxx Finance hits news 52-week high on the bourses
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Moneyboxx Finance is currently trading at Rs. 184.40, up by 25.65 points or 16.16 % from its previous closing of Rs. 158.75 on the BSE.
The scrip opened at Rs. 169.00 and has touched a high and low of Rs. 184.90 and Rs. 161.95 respectively. So far 16993 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 184.90 on 14-Jul-2022 and a 52 week low of Rs. 63.50 on 19-Jul-2021.
Last one week high and low of the scrip stood at Rs. 184.90 and Rs. 138.30 respectively. The current market cap of the company is Rs. 414.63 crore.
The promoters holding in the company stood at 63.86% and Non-Institutions held 36.14%.
Moneyboxx Finance has opened four new branches in Madhya Pradesh. Taking forward the commitment to widen its footprint and come closer to customers, the new branches in Madhya Pradesh will address the unmet credit needs of underserved micro-enterprises.
The company is also all set to open a branch in Bhopal by the end of July 2022. With this, the company will have 12 branches in Madhya Pradesh. The move is in line with the company’s focus to tap potential regions and cater to unmet credit needs of customers from smaller cities and towns in India. Until now, Moneyboxx has transformed the lives of more than 15,000 borrowers out of which about one third were women entrepreneurs and one-third were first-time borrowers with cumulative disbursements of over Rs 230 crore up to June 2022.
Moneyboxx has a total of 35 branch network in five states namely Rajasthan, Punjab, Haryana, Madhya Pradesh, and Uttar Pradesh. The company plans to strengthen its presence and customer reach by doubling its branch network to 60 and building AUM (Assets under management) of over Rs 400 crore by FY23.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
