Manappuram Finance nears record high; stock zooms 73% in six months

In the past six months, the market price of Manappuram Finance has surged 73 per cent on the back of foreign portfolio investors (FPIs) buying

Manappuram Finance shares rose 7 per cent to Rs 129 in intra-day trade on the BSE on Thursday, on the back of heavy volumes in an otherwise subdued market. The stock was quoting close to its record high level of Rs 130 touched on May 9, 2018, in intra-day trade.

The trading volumes on the counter more than doubled with a combined 7.2 million equity shares changed hands on the NSE and BSE till 12:33 pm. In comparison, the S&P BSE Sensex was down marginally by 0.11 per cent at 38,537 points.

In the past six months, the market price