Moneyboxx Finance rises on opening new branch in Indore
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Moneyboxx Finance is currently trading at Rs. 129.65, up by 2.55 points or 2.01% from its previous closing of Rs. 127.10 on the BSE.
The scrip opened at Rs. 129.60 and has touched a high and low of Rs. 129.90 and Rs. 129.60 respectively. So far 387 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 137.00 on 10-Feb-2022 and a 52 week low of Rs. 59.00 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 136.00 and Rs. 121.00 respectively. The current market cap of the company is Rs. 280.58 crore.
The promoters holding in the company stood at 63.86% and Non-Institutions held 36.14%.
Moneyboxx Finance has opened a new branch in Indore. Moneyboxx now has 30-branch network in five states - Rajasthan, Punjab, Haryana, Madhya Pradesh, and Uttar Pradesh. The company plans to strengthen its presence and customer reach by doubling its branch network in the coming financial year.
The new branch will address the needs of underserved micro enterprises by offering them business loans for income generation. Since its inception, Moneyboxx has transformed lives of more than 15,000 borrowers in Tier-III and below places with cumulative disbursements of over Rs 200 crore up to Mar’22. Of these, 30% were women entrepreneurs and 32% first-time borrowers.
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.
