Manappuram Finance lost 5.66% to Rs 27.50 at 14:32 IST on BSE, with the stock declining on profit booking after the recent upmove.
Meanwhile, the S&P BSE Sensex was up 155.97 points or 0.59% at 26,575.52
On BSE, so far 16.06 lakh shares were traded in the counter as against average daily volume of 25.86 lakh shares in the past two weeks.
The stock hit a high of Rs 29.10 and a low of Rs 27.20 so far during the day. The stock had hit a 52-week low of Rs 14.05 on 7 January 2014. The stock had hit a 52-week high of Rs 29.85 on 22 August 2014.
The stock had outperformed the market over the past one month till 22 August 2014, rising 23.78% compared with 1.51% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 24.04% as against Sensex's 8.39% rise.
Shares of Manappuram Finance had gained 33.4% in four trading days to Rs 29.15 on 22 August 2014 from recent low of Rs 21.85 on 14 August 2014. The stock had remained unchanged at Rs 26.40 on 20 August 2014.
Manappuram Finance is one of India's leading gold loans non-banking finance company (NBFC) engaged in providing finance against household gold ornament.
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