Kunal Kamble of Bonanza recommends buying Manappuram Finance, Indus Towers and Nuvama Wealth; here's why
Thus far in the calendar year 2025, Muthoot Finance zoomed 82%, while Manappuram Finance soared 65%. In comparison, the BSE Sensex rose 9%.
Ajanta Pharma, JBMA Auto and Manappuram Finance have seen strong price action backed by heavy trading volume in Wednesday's trading session.
Kunal Kamble, senior technical research analyst at Bonanza, has recommended buying shares of HDFC Life Insurance, Ujjivan Small Finance Bank and Manappuram Finance today
Shares of gold-loan providers Muthoot Finance and Manappuram Finance trade at key supports on the charts; face over 11% downside risk. Also check outlook on Titan and other jewellery-related stocks.
Muthoot Finance shares have risen 47 per cent so far this year, while Manappuram Finance was up 48 per cent
Technical charts suggest that shares of gold loan firms, which have surged over 50% so far in 2025, could rally another 17% from here; while a likely mixed outlook for jewellery makers and sellers.
Shares of Muthoot Finance have surged 37.7 per cent so far in CY-25, while that of Manappuram Finance have rallied 54.6 per cent. Gold has surged 42 per cent in 2025
At 12:00 PM, the BSE Smallcap index, the top gainer among broader indices, was up 0.89 per cent, as compared to a marginal 0.06 per cent gain in the BSE Sensex.
The expanding market for gold backed loans in India - amid a shift in borrower preference towards gold loans - should benefit gold finance companies, analysts said.
Stocks to buy today: Manappuram Finance MANAPPURAM) has demonstrated a robust recovery in the last couple of trading weeks and has now surpassed all major EMAs on the daily chart
Gold loan companies stocks in focus: Muthoot Finance, Manappuram Finance can rally up to 19%; while IIFL Finance faces a 9% downside risk; suggests technical charts.
Manappuram Finance shares rose 2.6 per cent on Monday and logged an intra-day high at ₹265.3 per share on BSE, after the company posted Q1 results
Gold loan financier Manappuram Finance on Friday announced the appointment of Deepak Reddy as its chief executive officer with immediate effect. He has over three decades of extensive experience in leading diverse business verticals and managing human capital across financial institutions, Manappuram Finance said in a statement. Before joining Manappuram, Reddy was associated with Bajaj Finserv Ltd for over 17 years, where he played a pivotal role in the company's transformational journey, it said. As the CEO, Reddy will be primarily responsible for steering the company and its subsidiaries through the next phase of growth and innovation, including strengthening the company's core businesses of gold loans, vehicle finance, microfinance, MSME loans, housing finance, and digital lending.