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Stock of the day : Buy Manappuram Finance Ltd For Target Rs.145 - Religare Broking
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Manappuram Finance Ltd
* Manappuram has been trading in a rising channel for the last one year, after the sharp decline from its record high.
* It has reclaimed the major averages and currently trading around the previous swing high.
* The recent price action combined with uptick in volumes indicates up move to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Manappuram Finance Ltd CMP 131.65; Range 130-132; SL 125; Target 145
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