The company made this announcement during trading hours today, 22 February 2010.

Meanwhile, the BSE Sensex was up 123.02 points, or 0.76% to 16,314.65.

On BSE, 896 shares were traded in the counter as against an average daily volume of 29,920 shares in the past one quarter.

The stock hit a high of Rs 41.60 and a low of Rs 40.70 so far during the day. The stock had hit a 52-week high of Rs 57 on 15 January 2010 and a 52-week low of Rs 17.10 on 30 March 2009.

The small-cap stock had underperformed the market over the past one month till 19 February 2010, declining 18.99% as compared to the Sensex's 7.40% fall. It had also underperformed the market in the past one quarter, falling 9.83% as compared to the Sensex's decline of 3.54%.

The company's equity capital is Rs 19.36. Face value per share is Rs 10.

The current price of Rs 40.90 discounts the company's Q3 December 2009 annualized EPS of Rs 1.88, by a PE multiple of 21.76.

Grosvenor Estates, a promoter group company, has hiked stake to 2.39% from 2.34% after acquiring 8,657 shares representing 0.05% of the equity capital of the firm through open market purchases on 19 February 2010. Increase of stake in a company by promoters helps boost investor confidence.

The total promoter shareholding in the company is 58.08% (as on 31 December 2009).

Motor & General Finance' net profit declined 54.5% to Rs 0.91 crore on 27% fall in total income to Rs 2.90 crore in Q3 December 2009 over Q3 December 2008.

The company provides finance by way of hire purchase and leasing operations.