Buy Manappuram Finance Ltd For Target Rs. 205 by Motilal Oswal Financial Services Ltd

* Expect gold AUM/consolidated AUM to remain largely flat on a sequential basis.
* Factored in a margin decline of ~10bp QoQ and spreads to decline ~35bp in the consolidated loan book.
* Expect credit costs to increase ~80bp QoQ to ~3.1%.
* Commentaries on gold loan growth and asset quality in the MFI and PL segments are the key monitorables.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412









