Manappuram Finance extends gain; stock rallies 14% thus far in March

Shares of Manappuram Finance gained 3 per cent to quote Rs 116.85 on the BSE in Tuesday's intra-day trade, extending its past four days' upward movement. Moreover, in the past one week, the stock has rallied 6 per cent as compared to 0.11 per cent decline in the S&P BSE Sensex.

Thus far in the month of March, the stock of the non-banking financial company (NBFC) has surged 14 per cent, as against 1.9 per cent fall in the benchmark index. The stock inched towards its 52-week high level of Rs 126, touched on April 7, 2022.

Manappuram