Manappuram Finance hits fresh all-time high; surges over 50% in 2019

Thus far in the current calendar year 2019, the stock has rallied 52 per cent, as compared to a 12 per cent rise in the benchmark index

Shares of Manappuram Finance hit a new high of Rs 141, up 5 per cent on the BSE in intra-day trade on Tuesday on the back of heavy volumes in an otherwise subdued market. The stock surpassed its previous high of Rs 139 recorded on May 24. At 09:54 am, the S&P BSE Sensex was down 0.10 per cent at 40,225 points.

The counter has seen huge trading volumes with a combined 5.45 million shares changing hands so far, as compared to around 5 million shares that were traded daily in past two weeks on the BSE and NSE.