Manappuram Finance price: Buy Manappuram Finance, target price Rs 240: Edelweiss

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Manappuram Finance price: Buy Manappuram Finance, target price Rs 240: Edelweiss

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.

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.

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.

Investment RationaleBreakout from a broadening pattern on near and midterm charts. Good correlation with gold prices

Story Highlights

  • Time period given by analyst is Intra Day when Manappuram Finance Ltd. price can reach defined target. .

  • 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.

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