12/23/2023 0 Comments Snap stock outlookIt has disbursed more than Rs 350 crore so far towards electric vehicles, as per its official website. Mufin Green Finance provides financing solutions for the EV infra by providing loans for income generation through electric vehicles, electric charging, and swappable batteries and more. On average, they expect the companys share price to reach 10.26 in the next year. Their SNAP share price forecasts range from 7.00 to 16.00. The board has approved allotment of 2.55 crore warrants at an issue price of Rs 55 apiece, amounting to Rs 140.25 crore. 29 Wall Street analysts have issued twelve-month target prices for Snaps shares. In September, the company board of Mufin Green Finance approved allotment of convertible warrants on a preferential basis to investors belonging to promoter and non-promoter category investors, which shall be converted into shares in a period of 18 months. It has zoomed a whopping 2,600 per cent in the last four years. The stock has about doubled in the last six months period, while it is up 70 per cent in the last one month. Shares of Mufin Green Finance have rallied about 300 per cent from its 52-week low at Rs 29.83 hit a year ago. Most of Snaps woes can be traced back to the fact that the growth in worldwide digital ad spending decelerated sharply - from 29.5 in 2021 to 8.6 in 2022. The company hit its 52-week high at Rs 90.80 in the previous week. The scrip had settled at Rs 85.18 on Thursday. The 52 week high of SNAP is 13.89 and 52 week low is 7.33. Shares of Mufin Green Finance surged more than 2 per cent to Rs 87.10 on Friday, commanding a total market capitalization of more than Rs 1,275 crore. What is Snap Inc(SNAP)s stock price today The current price of SNAP is 9.11. This addition takes the fleet count from 400 to 500 cabs in Kolkata. Once the lease term concludes, Snap-E Cabs will have an option to purchase the vehicles from the company. Mufin Green Finance has agreed to lease 100 Tata Tigor cars to Snap-E Cabs for next five years. Mufin will provide EV vehicle and charger finance loans to Snap-E cabs as per the agreement. The company has recently entered into an agreement with ride-hailing service Snap-E cabs, which is known for its electric vehicle (EV) cab. Multibagger Mufin Green Finance shares extended their gains during the trading session on Friday.
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