Powered by: Motilal Oswal

News

Sell Manappuram Finance Ltd For Target Rs. 152 By Geojit Financial Services Ltd Ongoing Weak Performance to Persist Manappuram Finance Ltd. (MGFL) is one of the leading gold loan NBFCs in India. MGFL has also diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around 5,000 spread across the country. * MGFL's total AUM grew 17% YoY to Rs. 45,716cr, with gold loan AUM rising to Rs. 24,365cr (+17% YoY) in Q2 FY25. * Asirvad, MGFL's microfinance subsidiary, shows 11% YoY AUM increase to Rs....
Sell Manappuram Finance Ltd For Target Rs. 152 By Geojit Financial Services Ltd
Sell Manappuram Finance Ltd For Target Rs. 152 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-07 12:03:37 pm
Add Manappuram Finance Ltd For Target Rs. 175 by Yes Securities Ltd Challenges to navigate in H2 FY25 Reasonably good Q2 FY25 driven by GL business; asset quality in MFI, VF and HF businesses further deteriorate Manappuram delivered 4% beat on NII/PPOP and 7% beat on PAT versus our expectations, driven by 1) strong growth in Gold Loans (GL) portfolio in H1 FY25 (9% qoq in Q1 and 3% qoq in Q2), 2) improvement in GL portfolio yield (22.5% in Q2 v/s 22.2% in Q1), 3) slight decline in consolidated CoB (driven by Asirvad), and 4) controlled increase in opex ...
Add Manappuram Finance Ltd For Target Rs. 175 by Yes Securities Ltd
Add Manappuram Finance Ltd For Target Rs. 175 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-21 01:41:27 pm
Neutral Manappuram Finance Ltd For Target Rs.160 By Motilal Oswal Financial Services Ltd Healthy gold loan growth; MFI business remains key monitorable Asset quality deteriorates across segments; credit costs high in microfinance * Manappuram Finance’s (MGFL) consol. PAT in 2QFY25 grew 2% YoY to INR5.7b (in line). NII grew ~21% YoY to ~INR16.4b and PPoP rose ~19% YoY to ~INR10.3b. 1HFY25 PAT grew 7% YoY to INR11.3b and we expect 2HFY25 PAT to decline 8% YoY. * Consol. credit costs stood at ~INR2.6b, resulting in annualized credit costs of ~2.3% (vs. ~2.1%...
Neutral Manappuram Finance Ltd For Target Rs.160 By Motilal Oswal Financial Services Ltd
Neutral Manappuram Finance Ltd For Target Rs.160 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 03:16:38 pm
Manappuram Finance reports 2% Y-O-Y increase in Q2 net profit to Rs.572 crore Manappuram Finance Ltd has reported a consolidated net profit of Rs.572.1 crore for the second  quarter of FY25, reflecting a 2.8% increase compared to Rs.556.5 crore in Q1 FY25. The Non-Banking Financial Company's (NBFC) consolidated Assets Under Management (AUM) for Q2 reached Rs.45,716.3 crore, marking a 17.4% increase year-on-year and a 1.7% rise quarter-on-quarter. The standalone net profit for the quarter, excluding subsidiaries, was Rs.474.9  crore. Total consolidated ope...
Manappuram Finance reports 2% Y-O-Y increase in Q2 net profit to Rs.572 crore
Manappuram Finance reports 2% Y-O-Y increase in Q2 net profit to Rs.572 crore
Source: PR Agency
2024-11-06 12:29:18 pm
Neutral Manappuram Finance Ltd For Target Rs. 160 By Motilal Oswal Financial Services Ltd RBI ban on Asirvad due to material supervisory concerns Expect continued underperformance until the RBI revokes the ban * The RBI has instructed Asirvad Micro Finance, a subsidiary of Manappuram Finance, to halt the sanctioning and disbursement of loans, effective 21st Oct’24. In addition to Asirvad, the RBI has imposed a similar ban on Arohan Financial Services, DMI Finance, and Navi Finserv. * The RBI shared that the decision to ban the lending operations of Asirvad stemmed ...
Neutral Manappuram Finance Ltd For Target Rs. 160 By Motilal Oswal Financial Services Ltd
Neutral Manappuram Finance Ltd For Target Rs. 160 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-10-21 12:03:48 pm
India`s Manappuram Finance tanks to over 4-yr low on downgrades after cenbank bars unit  Manappuram Finance's shares slumped 16% on Friday, their biggest decline since March 2020, after the Indian central bank's lending restrictions on the company's unit triggered rating downgrades due to concerns over a potential hit to earnings. The non-bank lender's shares fell as much as 18% to 145.42 rupees, their lowest in 10 months, before paring some losses. The Reserve Bank of India (RBI) on Thursday barred four non-bank finance companies (NBFCs), including Ma...
India`s Manappuram Finance tanks to over 4-yr low on downgrades after cenbank bars unit
India`s Manappuram Finance tanks to over 4-yr low on downgrades after cenbank bars unit
Source: Reuters
2024-10-18 06:00:32 pm
Buy Manappuram Finance Ltd For Target Rs.261 By Religare Broking Ltd Continuing Momentum in Gold Loan Growth Manappuram Finance is the second-largest gold lending NBFC in India and has established a significant presence in various other lending sectors, including microfinance, vehicle financing, MSME loans, and personal loans. The company boasts a strong nationwide footprint with over 5,000 branches and consolidated employee strength of more than 50,000. Diverse product portfolio: Company has a diverse product portfolio, offering loans in various segment...
Buy Manappuram Finance Ltd For Target Rs.261 By Religare Broking Ltd
Buy Manappuram Finance Ltd For Target Rs.261 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-09-26 04:36:25 pm
Manappuram Finance adds sparkle to Ganesh Chaturthi with `Ganesha`s Golden Smile' Manappuram Finance Ltd, one of the leading gold loan companies in the country, has released a new promotional film titled ‘Ganesha’s Golden Smile’. The film is based on the theme ‘Ganesh Chaturthi’ which celebrates the birth of Lord Ganesha who is considered as the remover of obstacles from the path of his devotees. The ad aims to promote Manappuram Finance’s instant gold loan app which allows people to get a gold loan anytime from anywhere. The film beg...
Manappuram Finance adds sparkle to Ganesh Chaturthi with `Ganesha`s Golden Smile'
Manappuram Finance adds sparkle to Ganesh Chaturthi with `Ganesha`s Golden Smile'
Source: PR Agency
2024-09-09 03:57:20 pm
Buy Manappuram Finance Ltd Target Rs. 250 By Motilal Oswal Financial Services Ltd Earnings in line; strong gold AUM growth at ~10% QoQ * Manappuram Finance (MGFL)’s consol. PAT grew ~12% YoY, but declined ~1% QoQ to ~INR5.6b (in line) in 1QFY25. NII grew ~19% YoY to ~INR15.4b (in line), and PPoP rose ~22% YoY to ~INR9.8b (in line) during the quarter. * Consol. credit costs stood at ~INR2.3b. Annualized credit costs for the quarter rose ~30bp QoQ to 2.1% (v/s PQ: ~1.8%). Higher credit costs were primarily attributable to the MFI business. * Gold AUM grew ~10%...
Buy Manappuram Finance Ltd Target Rs. 250 By Motilal Oswal Financial Services Ltd
Buy Manappuram Finance Ltd Target Rs. 250 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-08-25 03:56:28 pm
Stock of the day : Manappuram Finance Ltd For Target Rs. 225 - Religare Broking Manappuram Finance Limited * The stock has been in a steady uptrend forming higher tops and higher bottoms with supportive volumes. * It has rebounded higher finding support near its previous resistance zone which coincides with its 20 WEMA. * The price action and a bullish crossover in momentum indicator suggest that the stock is set to reclaim its swing high soon. * Traders can consider fresh longs in the mentioned range.   Buy Manappuram Finance Ltd&nbs...
Stock of the day : Manappuram Finance Ltd For Target Rs. 225 - Religare Broking
Stock of the day : Manappuram Finance Ltd For Target Rs. 225 - Religare Broking
Source: Religare Broking
2024-08-22 10:34:57 am
Manappuram Finance moves up on raising Rs 450 crore through NCDs Manappuram Finance is currently trading at Rs. 202.90, up by 1.25 points or 0.62% from its previous closing of Rs. 201.65 on the BSE. The scrip opened at Rs. 203.25 and has touched a high and low of Rs. 204.65 and Rs. 202.00 respectively. So far 89018 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.25 on 19-Jul-2024 and a 52 week low of Rs. 125.30 on 26-Oct-2023. Last one week high and low of the scrip stood...
Manappuram Finance moves up on raising Rs 450 crore through NCDs
Manappuram Finance moves up on raising Rs 450 crore through NCDs
Source: Accord Fintech
2024-08-19 12:24:00 pm
Buy Manappuram Finance Limited For Target Rs. 240 By Yes Securities MFI headwinds mitigating Gold Loan tailwinds In-line profits, but Gold Loan growth was stronger Manappuram’s NII/PPOP/PAT were largely in-line with our estimates even as the Gold Loans growth was much stronger at 10% qoq (expectation was 7% qoq). While sturdy growth momentum was maintained in CV finance (up 11% qoq) and Housing loans (up 5% qoq), the growth in Asirvad MFI moderated (up 2.7% qoq) due to increase in delinquencies. The 20-bps increase in funding cost and marginal dec...
Buy Manappuram Finance Limited For Target Rs. 240 By Yes Securities
Buy Manappuram Finance Limited For Target Rs. 240 By Yes Securities
Source: Yes Securities Ltd
2024-08-14 03:31:44 pm
India's Manappuram Finance posts Q1 profit rise on strong gold loan growth Indian gold-loan provider Manappuram Finance reported a first-quarter profit rise on Tuesday, helped by strong gold-loan growth. The company's consolidated net profit attributable to owners rose about 12% to 5.55 billion rupees ($66 million) for the three months ended June 30, in line with analysts' expectations, according to LSEG data. Benchmark spot gold prices have risen more than 20% as of June-end from a year ago, hitting record highs, bolstering loan growth for lenders suc...
India's Manappuram Finance posts Q1 profit rise on strong gold loan growth
India's Manappuram Finance posts Q1 profit rise on strong gold loan growth
Source: Reuters
2024-08-13 04:49:15 pm
Stock of the day : Manappuram Finance Ltd For Target Rs. 215 - Religare Broking Manappuram Finance Ltd * After a vertical rally, the stock witnessed some profit taking and corrected near 50 percent retracement level. * It has formed a small base near its important support zone while reclaiming its 50 ema. * The recent price action combined with uptick in volumes indicates a strong up move from current levels. * Thus, we suggest initiating longs in the mentioned range   Buy Manappuram Finance Ltd CMP 204.77 Range 202-205...
Stock of the day : Manappuram Finance Ltd For Target Rs. 215 - Religare Broking
Stock of the day : Manappuram Finance Ltd For Target Rs. 215 - Religare Broking
Source: Religare Broking
2024-08-12 10:55:01 am
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance Below the Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance   Today’s MPC decision to keep the repo rate unchanged at 6.5% did not come as any surprise as the rate setting committee once again reiterated its stand on containing inflation without sacrificing growth. More importantly, the apex bank has kept the GDP growth forecast for the current fiscal unchanged at 7.2% which underscores its stance of `withdrawing accommodation' ...
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Source: Manappuram Finance
2024-08-08 01:00:15 pm
Manappuram Finance surges on raising Rs 200 crore through NCDs Manappuram Finance is currently trading at Rs. 190.80, up by 6.90 points or 3.75% from its previous closing of Rs. 183.90 on the BSE. The scrip opened at Rs. 186.25 and has touched a high and low of Rs. 199.00 and Rs. 186.25 respectively. So far 1304758 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 199.00 on 05-Mar-2024 and a 52 week low of Rs. 102.00 on 05-May-2023. Last one week high and low of the scrip sto...
Manappuram Finance surges on raising Rs 200 crore through NCDs
Manappuram Finance surges on raising Rs 200 crore through NCDs
Source: Accord Fintech
2024-03-05 12:21:11 pm
India's Manappuram Finance tops Q3 profit view on strong loan demand Manappuram Finance, one of India's biggest gold-loan providers, reported a bigger-than-expected rise in third-quarter profit on Wednesday, aided by strong demand in its non-gold business like auto and housing loans. The gold-loan financier's profit rose roughly 46% to 5.73 billion rupees ($69 million) in the quarter, beating analysts' expectation of 5.35 billion rupees, according to LSEG data. The October-December quarter included some key festivals that typically spur deman...
India's Manappuram Finance tops Q3 profit view on strong loan demand
India's Manappuram Finance tops Q3 profit view on strong loan demand
Source: Reuters
2024-02-07 05:08:16 pm
Pre-Budget quote : I expect the Finance Minister to stick to fiscal discipline while supporting growth on a durable basis by Mr. V.P. Nandakumar, Manappuram Finance Below the Pre-Budget quote by Mr. V.P. Nandakumar, Managing Director & Chief Executive Officer at Manappuram Finance. “I expect the Finance Minister to stick to fiscal discipline while supporting growth on a durable basis.  To keep the growth momentum on track, the Finance Minister should ensure policy continuity.  Therefore, I expect the forthcoming Budget to increase capital expenditure and infrastructure spend and take steps to enhance rural income and...
Pre-Budget quote : I expect the Finance Minister to stick to fiscal discipline while supporting growth on a durable basis by Mr. V.P. Nandakumar, Manappuram Finance
Pre-Budget quote : I expect the Finance Minister to stick to fiscal discipline while supporting growth on a durable basis by Mr. V.P. Nandakumar, Manappuram Finance
Source: PR Agency
2024-01-25 05:14:04 pm
Buy Manappuram Finance Limited For Target Rs.205 - Motilal Oswal Financial Services Ltd Non-gold businesses appear promising if executed well Guides for consolidated AUM CAGR of 20% and RoE of ~20% ? At its analyst/investor meet, MGFL’s senior management team showcased the company’s capabilities in its non-gold business including MFI, vehicle finance, home finance and MSME & allied products. ? Beyond its view/outlook on the gold business, MGFL presented a drill-down on each of its non-gold businesses, including 1) a peek into its sourcing, underwriting a...
Buy Manappuram Finance Limited For Target Rs.205 - Motilal Oswal Financial Services Ltd
Buy Manappuram Finance Limited For Target Rs.205 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-23 02:40:15 pm
Buy Manappuram Finance Limited for Target Rs. 210 - Yes Securities Ltd In its Analyst/Investor Meet, Manappuram emphasized on 1) growth possibility of 8- 10% pa in Gold Loans with yields of 21-22%, 2) further ramping-up AUM share of nonGL products while improving their profitability, 3) likelihood of sustaining 18-20% consol. portfolio growth and RoE, and 4) promoters remaining fully committed in running operations and retaining the ownership (refuted rumors of selling stake). In our view, better customer acquisition/retention activity and some help from gold pr...
Buy Manappuram Finance Limited for Target Rs. 210 - Yes Securities Ltd
Buy Manappuram Finance Limited for Target Rs. 210 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-12-22 02:11:36 pm
Buy Manappuram Finance Ltd For Target Rs.205 - Motilal Oswal Financial Services Ltd Non-gold businesses appear promising if executed well Guides for consolidated AUM CAGR of 20% and RoE of ~20% * At its analyst/investor meet, MGFL’s senior management team showcased the company’s capabilities in its non-gold business including MFI, vehicle finance, home finance and MSME & allied products. * Beyond its view/outlook on the gold business, MGFL presented a drill-down on each of its non-gold businesses, including 1) a peek into its sourcing, underwriting ...
Buy Manappuram Finance Ltd For Target Rs.205 - Motilal Oswal Financial Services Ltd
Buy Manappuram Finance Ltd For Target Rs.205 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-20 02:15:03 pm
Manappuram`s Q2 Net Profit Rs.561 Crore, Registers 37% Increase Y-o-y stoeported a consolidated net profit of ?561 crore in its second quarter results for FY24, an increase of 12.6% over the preceding quarter ending June 2023. In comparison with the corresponding figure of Rs 410 crore for Q2FY23, the profit is higher by 37%. The NBFC’s consolidated assets under management (AUM) for Q2 stood at Rs 38,950 crore, registering an increase of 27% over the corresponding quarter of FY23 and up by 5% q-o-q. Net profit in the quarter for the standalone entity (whi...
Manappuram`s Q2 Net Profit Rs.561 Crore, Registers 37% Increase Y-o-y
Manappuram`s Q2 Net Profit Rs.561 Crore, Registers 37% Increase Y-o-y
Source: PR Agency
2023-11-14 11:40:23 am
Manappuram Finance inks MoU with JCB India Manappuram Finance India Ltd (MAFIL) has entered into a Memorandum of Understanding (MoU) with construction equipment manufacturer JCB India Ltd to finance the latter?s range of equipment and engineering products. The agreement was signed by Kamal Parmar, Head, of Vehicle and Equipment Finance, Manappuram Finance, and JCB India representative the other day. As per the agreement, the finance options will be available across the country. The pact will go a long way in helping both sides increas...
Manappuram Finance inks MoU with JCB India
Manappuram Finance inks MoU with JCB India
Source: PR Agency
2023-10-10 08:38:17 am
Manappuram Finance rises on raising Rs 600 crore through NCDs Manappuram Finance is currently trading at Rs. 141.80, up by 0.50 points or 0.35% from its previous closing of Rs. 141.30 on the BSE.The scrip opened at Rs. 141.35 and has touched a high and low of Rs. 144.00 and Rs. 140.35 respectively. So far 243488 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 156.55 on 04-Sep-2023 and a 52 week low of Rs. 99.00 on 11-Oct-2022.Last one week high and low of the scrip stood at Rs. 150.50 and R...
Manappuram Finance rises on raising Rs 600 crore through NCDs
Manappuram Finance rises on raising Rs 600 crore through NCDs
Source: Accord Fintech
2023-10-06 02:45:38 pm
Stock Picks : Canara Bank Ltd And Manappuram Finance Ltd By ICICI Direct Canara Bank LtdBuy?Canara Bank?Ltd?@347-348;?Target?353.00; Stop Loss?344.90Manappuram Finance LimitedSell?Manappuram Finance?Ltd?@139.50-140.00;?Target?137.50; Stop Loss?141.30?Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631?
Stock Picks : Canara Bank Ltd And Manappuram Finance Ltd By ICICI Direct
Stock Picks : Canara Bank Ltd And Manappuram Finance Ltd By ICICI Direct
Source: ICICI Direct
2023-09-13 12:44:13pm