Magma Fincorp Market cap
What is the Market cap of Magma Fincorp?
The Market cap of Magma Fincorp Limited is $1.76B
What is the definition of Market cap?
Market capitalization is the market value at a point in time of the shares outstanding of a publicly traded company, being equal to the share price at that point of time times the number of shares outstanding.
= outstanding shares * previous day’s close
As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. In performing such rankings, the market capitalizations are calculated at some significant date, such as 30 June or 31 December.
The total capitalization of stock markets or economic regions may be compared with other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 and rose as high as US$57.5 trillion in May 2008 before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. In 2014 and 2015, global market capitalization was US$68 trillion and US$67 trillion, respectively.
Market cap of companies in the Finance sector on NSE compared to Magma Fincorp
What does Magma Fincorp do?
Magma Fincorp Limited, a non-banking financial company, provides asset finance services in India. The company offers loans for cars, SMEs, construction equipment, commercial vehicles, tractors, and used vehicles. It also provides housing finance; and auto leasing services. The company operates a network of 314 branches. Magma Fincorp Limited was incorporated in 1978 and is headquartered in Mumbai, India.
Companies with market cap similar to Magma Fincorp
- Helios Technologies has Market cap of $1.76B
- Adams Diversified Equity Fund has Market cap of $1.76B
- City Union Bank has Market cap of $1.76B
- Sprott Physical Uranium Trust U has Market cap of $1.76B
- Asos Plc Ls ,035 has Market cap of $1.76B
- Constellium SE has Market cap of $1.76B
- Magma Fincorp has Market cap of $1.76B
- Cardtronics plc has Market cap of $1.77B
- Eaton Vance Tax-Managed Diversified Equity Income Fund has Market cap of $1.77B
- Veritiv Corp has Market cap of $1.77B
- Stelco has Market cap of $1.77B
- Liechtensteinische Landesbank Aktiengesellschaft has Market cap of $1.77B
- Hello Inc has Market cap of $1.77B