Manappuram Finance to discuss on investment proposals; stock rebounds 7%

The stock moved higher to Rs 121, up 4%, bouncing back 7% from its intra-day low of Rs 113 on the National Stock Exchange.

Manappuram Finance has moved higher to Rs 121, up 4%, bouncing back 7% from its intra-day low on the National Stock Exchange (NSE) after the company said it called a board meeting in next week to discuss on investment proposals. 

The stock hit a low of Rs 113 in early morning trade before the announcement.

“The board meeting of directors of the company will be meeting on Tuesday, January 23, 2018 at 11.00 a.m at Mumbai interalia to discuss on investment proposals,” Manappuram Finance said in a regulatory filing.

Last month in one week between December 14, 2017 and