Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
85.00
Change Change %
0.10 0.12%

Updated:21 Nov, 2018, 15:59 PM IST

BSE
85.15
Change Change %
0.50 0.59%

Updated:21 Nov, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
HDFC Securities
N/A
20-06-2017 Buy 94.35 113.00
N/A
Target Hit Long (1Y)
20-06-2018

HDFC Securities recommends buy on Manappuram Finance

HDFC Securities has recommended buy on Manappuram Finance for target price of Rs 113. It says regulatory changes in the gold loan segment between fiscal 2012 and 2014 (such as withdrawal of priority sector benefit for gold loans, capping loan-to-value (LTV) ratio at 75%, restricting privately placed debentures, and stipulating stringent norms for conducting gold auctions) have brought in the much needed stability, while enhancing confidence of lenders and other stakeholders.

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