JM Financial is currently trading at Rs. 72.95, up by 0.65 points or 0.90% from its previous closing of Rs. 72.30 on the BSE.
The scrip opened at Rs. 73.00 and has touched a high and low of Rs. 75.30 and Rs. 72.60 respectively. So far 54738 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 126.00 on 07-Feb-2020 and a 52 week low of Rs. 55.50 on 05-May-2020.
Last one week high and low of the scrip stood at Rs. 75.30 and Rs. 69.65 respectively. The current market cap of the company is Rs. 6910.78 crore.
The promoters holding in the company stood at 62.05%, while Institutions and Non-Institutions held 25.09% and 12.85% respectively.
JM Financial Private Equity has completed its proposed investment of Rs 40 crore in Coimbatore based co-living operator, Isthara Parks. The investment was completed in two tranches between July 2019 and June 2020.
Having expanded at a rapid pace since the first tranche investment, the company met the targets laid out for additional funding ahead of anticipated timelines. The second tranche infusion in Isthara will be utilized by the company to add another 4,000-5,000 beds under executive housing in addition to around 5,000 beds under student housing by the end of the current financial year.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
