Stock Market Today: During Thursday morning trading, the NBFC stock Mufin Green Finance, a small-cap stock under ₹100, recovered 5% from its intraday low.
The present value of Mufin Green Finance’s shares :
Mufin Green Finance’s share price opened Thursday at ₹82.31 on the BSE, more than 1% higher than the previous day’s closing price of ₹81.30. Mufin Green Finance’s stock fell to intraday lows of ₹80.26. However, Mufin Green Finance’s stock price increased to intraday highs of ₹83.73, around 5% above its intraday lows.
Mufin Green Finance’s share price dropped from 52-week or one-year highs of ₹250.45 in February of last year to 52-week or one-year lows of ₹76.82 in December 2024.
However, for the past two months, the share price of Mufin Green Finance has been steadily increasing.
Q3 Results for Mufin Green Finance :
On Wednesday, February 12, 2025, after market hours, Mufin Green Finance released its December 2024 quarter results.
Mufin Green Finance’s combined net profit for the October–December 2024 quarter was ₹5.85 crore, a 28% increase over the ₹4.55 crore for the October–December 2023 quarter.
Mufin Green Finance’s operational income increased 79% to ₹48.57 crore in Q3FY25 from ₹27.10 crore in Q3FY24.
Mufin Green Finance’s sequentially consolidated net profit for the Q3FY25 quarter was ₹5.85 crore, however it had only increased by about 3% when compared to the ₹5.69 crore for the Q2FY25 or September 2024 quarter.
In comparison to Mufin Green Finance’s September 2024 quarter revenue of ₹46.34 crore, the operations revenues for the December 2024 quarter also increased by almost 5%.
Mufin Green Finance had raised money for loans in December 2023. Although the initial grant was ₹105.19 crore, Mufin Green Finance said that it had so far used ₹82.27 crore.
Disclaimer: Before making any financial decisions, we encourage investors to consult with qualified professionals.
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