Why investors should still avoid Manappuram Finance after its sharp correction

Why investors should still avoid Manappuram Finance after its sharp correction

While the stock of Manappuram Finance prima facie offers value, we will wait for definitive signs of improvement, as we are more concerned about the company’s ability to stay ahead of competition











May 19, 2022 / 12:49 PM IST









PRO Only Highlights - 

Quarterly performance largely backed by improved realisations - 

Medium-term triggers China plus and protectionist measures for tyre industry - 

Valuations not inexpensive; but improved medium-term outlook





Manappuram Finance (CMP: Rs 93, Market Cap: Rs 7896 crore) had been on a shaky ground for the past few quarters, struggling to grow its loan book in gold financing and facing asset quality challenges in other businesses such as microfinance, housing, and vehicle finance. The easing of Covid curbs and the economic recovery were expected to offer the much-needed relief, as was seen  in the case of competitors. Seen in this context, the fourth quarter (Q4) was very...

















PRO Panorama



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