2025-06-02 11:13:39 am | Source: Religare Broking
Stock of the day : Manappuram Finance Ltd For Target Rs. 251 - Religare Broking Ltd
Manappuram Finance Ltd
Buy Manappuram Finance Ltd CMP 238.66 Range 237-239 SL 230 Target 251
* The stock has confirmed a breakout from a prolong consolidation with a strong surge in volumes.
* This also marks the resumption of uptrend after it registered a multi-year cup and handle pattern breakout in March 2025.
* Considering the price and volume activity, the stock looks promising with favourable risk-reward ratio.
* Traders can go long in the mentioned range.
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