Manappuram Finance slips on profit booking

Meanwhile, the BSE Sensex was down 33.91 points, or 0.17%, to 19,750.17

On BSE, 13.61 lakh shares were traded in the counter as against an average daily volume of 10.10 lakh shares in the past one quarter.

The stock hit a high of Rs 44.30 and a low of Rs 42.25 so far during the day. The stock had hit a 52-week high of Rs 60.90 on 3 February 2012. The stock had hit a 52-week low of Rs 18.60 on 10 May 2012.

The stock had outperformed the market over the past one month till 4 January 2013, rising 19.83% compared with Sensex's 2.25% rise. The scrip had also outperformed the market in past one quarter, rising 8% as against Sensex's 3.81% gain.

The mid-cap non-banking financial services company has an equity capital of Rs 168.23 crore. Face value per share is Rs 2.

Shares of Manappuram Finance had gained 28% in three trading sessions to Rs 43.20 on 4 January 2013 from a recent low of Rs 33.75 on 1 January 2013.

Manappuram Finance's net profit declined 20.4% to Rs 107.71 crore on 1.1% fall in total income to Rs 618.91 crore in Q2 September 2012 over Q2 September 2011.

Manappuram Finance is a leading national player in its core activity of gold loans.

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