The company's consolidated net profit halved to Rs 282 crore ($32.5 million) in the quarter, missing analysts' average estimate of Rs 459 crore, as per data compiled by LSEG
Stocks to Watch on February 13, 2025: Investors will focus on Q3 results of Godrej Industries, ITI and others. They will also focus on stock specific development in Vi, ONGC, NTPC Green and others
Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.
For Manappuram Finance, the gold loan growth will continue to remain healthy, driven by demand-side tailwinds due to the poor availability of short-term personal and MFI loans.
Reserve Bank of India (RBI) lifted restrictions on all four non-banking financial companies (NBFC) imposed in October for charging exorbitant interest rates to the borrowers
Stocks to Watch, Jan 9, 2025: From Tata Motors to Manappuram Finance, here are few stocks that will be on investors' radar today
The statutory inspection of the companies was conducted by the RBI with reference to their financial position as of March 31, 2023
Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50
The gold loan financier's consolidated net profit rose 2% from last year to Rs 571 crore (about $68 million) for the three months ended Sept 30
According to the report, Asirvad contributes around 27 per cent to the consolidated assets under management (AUM) of Manappuram Finance
Manappuram Finance share price: Manappuram Finance share price tanked 15 per cent to Rs 150.80, hitting an 11-month low on the BSE after the RBI put restrictions on Asirvad Micro Finance
Muthoot Finance, Manappuram Finance shares slipped after the RBI found several irregular practices being followed by gold loan financiers
Traders will be closely watching Dhruv Consultancy Services, and Manappuram Finance as their shares will trade ex-dividend today
Writes off NPAs worth Rs 71 crore in MFI biz
The company's consolidated net profit attributable to owners rose about 12 per cent to Rs 555 crore ($66 million) for the three months ended June 30
F&O stock watch: Shares of Mahindra & Mahindra and Shriram Finance face up to 15 per cent downside risk; whereas, Manappuram Finance and Sun Tv can potentially gain up to 13 per cent.
The RBI recently advised NBFCs extending gold loans not to lend in cash exceeding Rs 20,000, citing the Income Tax Act
Muthoot, Manappuram Finance outlook: Shares of gold loan lenders could see limited downside in the near-term, as broader trend remain up; charts show.
According to reports, the RBI has said no gold loan NBFC should disburse loan amount in excess of Rs 20,000 in cash
The company is also venturing into the renewable energy sector, focusing on green hydrogen production, hydrogen fuel stations, and solar photovoltaic projects.