Manappuram Finance Ltd

Muthoot Finance and Manappuram Finance have gained up to 19% thus far in June after RBI eased norms on small-ticket gold loans. Technical charts hint that these stocks can potentially rally 32% more.

Union Bank stock has been forming a 'Higher Top Higher Bottom' structure and has been a relative outperformer within the PSU Banking space in last couple of weeks, says Ruchit Jain of MOFSL.

The rise in Manappuram Finance share price came after the company announced that the board of directors will consider raising funds on Thursday, March 20, 2025

The company's consolidated net profit halved to Rs 282 crore ($32.5 million) in the quarter, missing analysts' average estimate of Rs 459 crore, as per data compiled by LSEG

Adani Energy Solutions, Syngene, Jio Financial, CG Power, Persistent Systems and CAMS are the 6 derivative stocks with up to 14 per cent build-up in open positions 5 days ahead of the monthly expiry.

According to the report, Asirvad contributes around 27 per cent to the consolidated assets under management (AUM) of Manappuram Finance

The company's consolidated net profit attributable to owners rose about 12 per cent to Rs 555 crore ($66 million) for the three months ended June 30

The company's interest income jumped 23% to 17.14 billion rupees, while expenses rose a comparatively smaller 8.3%

May impact investor confidence, Stock tanks 11.45% on BSE

With today's fall, the stock has lost 21 per cent since Wednesday, May 3 when the ED had first began searches at the company's premises

As per PTI, the raids were being undertaken to gather evidences related to allegations that the company collected public deposits worth over Rs 150 crore in contravention of RBI guidelines

The non-banking finance company (NBFC) had posted a net profit of Rs 483 crore in the corresponding quarter a year ago

The technical analyst from HDFC Securities says that stock specific bullish moves will continue while Nifty consolidates in the 17,800 - 18,200 range

Muthoot Finance is headed towards Rs 1,700 levels

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

The regulator in its order said it had conducted an investigation into the matter of selective disclosure of unpublished price-sensitive information (UPSI) of MFL

Profit before tax from gold loan and others grew 44.5 per cent to Rs 459.47 crore during the quarter, as compared to Rs 317.97 crore during same quarter a year ago

The total income stood at Rs 1334 crore during the quarter, as against Rs 1027.51 crore last year, an increase of 30 per cent

The gold loan Non Banking Finance Company (NBFC) Manappuram Finance Ltd, which has posted an assets under management of Rs 14,600 crore by the end of the quarter ended December, 2016 has recently said that its board has considered and approved the business plan for the Financial Year 2017-18. The company is targeting a growth of 20% in consolidated AUM during the fisacl year. In an interaction with Gireesh Babu, V P Nandakumar, managing director and CEO of Manappuram Finance Ltd elaborates on the company's plans and targets during the new fiscal year. Edited Excerpts:How has been the trend in the gold loan industry in the fiscal year 2016-17? What was the impact of demonetisation?The fiscal year began on a very positive note with growth in gold loans higher than we had anticipated at the beginning of the year. We were helped by the fact that gold prices held up very well for much of the year. However, the third quarter performance saw a deceleration in growth attributable to ...