Edelweiss has buy call on with a target price of Rs 180. The current market price of Manappuram Finance Ltd. is Rs 168.25. 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 14244.32 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1630.25 Crore, down -1.20 % from last quarter Total Income of Rs 1650.00 Crore and up .75 % from last year same quarter Total Income of Rs 1618.15 Crore. Company reported net profit after tax of Rs 468.35 Crore in latest quarter.
Investment Rationale
Manappuram Finance has given a breakout above its previous swing high levels of 167.00. This breakout also compliments a trend line breakout. The origin of the trend line is from levels of 185 which were also the Tops registered in February 2021.
Promoter/FII Holdings
Promoters held 35 per cent stake in the company as of March 31, 2021, while FIIs held 38.6 per cent, DIIs 8.9 per cent and public and others 17.6 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
