Manappuram Finance Ltd Saw A Big Jump In Its Shares Today, And It Looks Like There’S More Good News On The Way. The Stock Shot Up By 10 Per Cent To Reach Rs 154.65, Getting Really Close To Its Highest Price In A Year. That’S A Huge Leap From Its Lowest Point In The Past Year, Showing A Gain Of Almost 53 Per Cent. The Company’S Profit For The Quarter Also Went Up By Almost 37 Per Cent Compared To The Same Time Last Year, Reaching Rs 560.65 Crore. And To Top It Off, They’Re Giving Out An Interim Dividend Of 0.85 Paisa Per Equity Share.
The Gold Loan Business Is Doing Really Well, With The Company’S Interest Income And Revenue Both Going Up Compared To Last Year. And It Looks Like The Future Is Bright Too, With Brokerage Motilal Oswal Giving A ‘Buy’ Call On The Stock And Suggesting A Potential Upside Of 16.39 Per Cent. They’Re Expecting Strong Growth In The Non-Gold Segments And Higher Other Income, And They’Re Estimating A 10 Per Cent/20 Per Cent AUM CAGR In Gold/Consolidated Book Over The Next Few Years.
The Management Is Also Focused On Maintaining Profitability, And The Technical Setup Is Looking Good Too. The Stock Is Trading Higher Than The Moving Averages And Has A Low Volatility, Making It A Promising Investment. So, It Seems Like Manappuram Finance Is On The Rise, And It Might Be A Good Time To Consider Getting In On The Action.
(Disclaimer: This Article Is For Informational Purposes Only And Should Not Be Considered As Investment Advice. Please Consult With A Qualified Financial Advisor Before Making Any Investment Decisions.)
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