Time period given by analyst is Intra Day when Manappuram Finance Ltd. price can reach defined target. .
Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 18815.35 Crore) operating in NBFC sector.
Manappuram Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue, Dividend, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1573.74 Crore, down -3.47 % from last quarter Total Income of Rs 1630.25 Crore and up 3.78 % from last year same quarter Total Income of Rs 1516.47 Crore. Company reported net profit after tax of Rs 436.85 Crore in latest quarter.
Investment Rationale
Breakout from a broadening pattern on near and midterm charts. Good correlation with gold prices
Promoter/FII Holdings
Promoters held 35.05 per cent stake in the company as of 30-Sep-2021, while FIIs owned 34.93 per cent, DIIs 13.43 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
