Page 6 - Manappuram Finance

Muthoot Finance at new high on strong Q2 show; Manappuram also shines

The management of Muthoot Finance is optimistic about growing the company's gold loan book further and maintains 15 per cent growth guidance for FY22.

S&P upgrades Manappuram Finance's long term rating from 'B+' to 'BB-'

S&P expects that Manappuram Finance will continue to perform better than its NBFC peers over the next 12 months

Gold financiers in a sweet spot: Muthoot, Manappuram can grow at 10-12% pa

The share price of Muthoot Fin has risen 31% over last year, but Manappuram underperformed with 9% return

Manappuram Finance stock falls 12% over steep decline in QoQ profit

The company missed Street expectations due to lower net interest income (NII)

Manappuram Finance extends decline, dips 11% post June quarter earnings

The gold loan book declined 13 per cent QoQ to Rs 16,500 crore and gold holdings 11 per cent QoQ to 58.1 tonnage

Manappuram Finance consolidated Q4 net up 17.6% to Rs 468 cr, NII up 7.2%

Mulls listing of MFI subsidiary

Bajaj Fin, LIC Hsg: Good time to buy NBFC stocks? Here's what charts say

One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively

Manappuram Finance looks to take MFI arm Asirwad Microfinance public

Manappuram Finance, the second largest gold loan company in the country, is toying with the idea of hiving off and taking its microfinance arm Asirwad Microfinance public within a year, a top company official said. With a loan portfolio of over Rs 5,360 crore and close to 25 lakh customers across 23 states, the Chennai-headquartered Asirvad is the fourth largest microfinance lender in the country in terms of the loan book. Founded in 2008 by S V Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for Rs 48.63 crore. The V P Nandakumar-led company first bought 71 per cent stake which was later increased to 95 per cent and the rest is with the founder Vaidyanathan. Under Manappuram, Asirvad has grown leaps and bounds. From a loan book of just Rs 300 crore and a few lakh customers across 115 branches in Tamil Nadu, Kerala and Karnataka when it was bought over, the company has over 1,030 branches across 314 districts in 23 states (excluding Andhra Pradesh and ...

Manappuram Fin board to meet on Mar 19 to consider issuing debt securities

Manappuram Finance said its Board of Directors will meet on March 19 to consider business plan and borrowing programme, including raising of funds through issuance of non-convertible debt securities

Gold is down 11% so far in 2021; time to exit Muthoot Fin, Manappuram Fin?

While gold experts remain bullish on the yellow metal, analysts tracking the two non-bank finance companies (NBFCs) believe near-term headwinds continue to dampen outlook for the stocks

Manappuram Finance says it raised Rs 400 crore via issue of bonds

Manappuram Finance on Tuesday said it has raised Rs 400 crore by issuing bonds on private placement basis

Manappuram Finance manager held in Rs 20 cr robbery at IIFL branch: Police

The manager of a branch of Manappuram Finance Ltd has been detained in connection with the robbery of gold and valuables, worth around Rs 20 crore, from a branch of IIFL in Cuttack

RBI imposes fine on Muthoot Finance, Manappuram Finance for non-compliance

The central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification of ownership of gold jewellery

Weekly stock picks by Religare Broking: Buy Berger Paints, HDFC Life

Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further

MARKET WRAP: Sell-off continues, Sensex slips 300 pts; Nifty ends at 11,154

All that happened in the markets today

Gold Financiers: Investors advised to book profit on these stocks

Risks are similar to loan against property; both are dependent on pricing strength and demand of the underlying assets

Here's a Bull Spread Strategy on Manappuram Finance by HDFC Securities

Long build up is seen in the Manappuram fin Futures' where we have seen 7% (Prov) rise in the Open Interest with Price closing flat

Manappuram Finance gets board approval to raise up to Rs 150 cr via NCDs

The non-convertible debentures are to be listed on BSE

State Bank of India targets 3x growth in retail, MSME gold loans

Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies

SBI eyes three-fold rise in retail, MSME gold loan business in FY21

To use digital banking platform YONO extensively to cut-down on response time and scale up activity for it