Introduction of nse:manappuram
Manappuram Finance Limited is a publicly traded company listed on the National Stock Exchange of India (NSE) under the symbol Manappuram. The company is a leading Non-Banking Financial Company (NBFC) in India, primarily providing Gold Loans, Microfinance, and Housing Finance.
Manappuram Finance has a pan-India presence with a network of branches and service centers in different parts of the country. The company strongly focuses on technology and innovation and has developed multiple digital platforms to enhance customer experience and increase operational efficiency.
Manappuram Finance has consistently performed well in the Indian financial market, and its stock has been a popular choice among investors. The company has a strong managing team and a robust risk management system to ensure the safety of its investors’ funds.
Some Information about NSE
Here is some general information about the National Stock Exchange of India (NSE):
- NSE was recognized in 1992 and remained headquartered in Mumbai, India.
- It is the primary stock exchange in India in terms of market capitalization and trading volume.
- NSE provides a platform for trading in Equity, Derivatives, Debt Securities, Mutual Funds, and Exchange Traded Funds (ETFs).
- The Exchange operates on an electronic trading system, which provides real-time trading information and online trading facilities.
- NSE has a robust regulatory framework and operates under the supervision of the Securities and Exchange Board of India (SEBI).
- The Exchange has many investors, including retail, institutional, and foreign investors.
- NSE has contributed to the growth of the Indian economy by providing access to capital to companies through its primary market and enabling trading and liquidity in the secondary market.
- NSE has a diversified ownership structure, with several institutional and retail investors holding shares in the Exchange.
- NSE has been recognized for its technology and innovation and has received several awards and accolades.
- Some major Indian stock markets indices, such as the Nifty 50 and Nifty Bank, are based on stocks listed on the NSE.
nse:manappuram Finance Extends Gain
The stock consumers gained 6 percent in the past week compared to a fall of 0.11 percent in the S&P BSE Sensex.
Shares of Manappuram Finance rose as much as 3 percent to quote at Rs 116.85 on the BSE in intraday trade on Tuesday, extending its four-day high. Additionally, the stock has gained 6 percent in the last week compared to a fall of 0.11 percent in the S&P BSE Sensex.
So far in March, non-banking financial company (NBFC) stocks have gained 14 percent, while the benchmark index has declined 1.9 percent. The store moved towards its 52-week high of Rs 126 on April 7, 2022.
Manappuram Finance caters to the credit needs of people from lower socio-economic strata, specifically in rural and semi-urban areas of India. The business advises a range of retail loan products and financial services, and its extended loan selection includes retail, microfinance, SME, and marketable customers. It has stood as the second-largest Gold Finance NBFC in India.
Manappuram Finance rides high on Diversification Strategy.
Gold loan financier Manappuram Finance Ltd’s thrust on diversification seems to be hitting the right direction with its investors. In a recent analyst meeting, the company’s management said it remains focused on being a diversified NBFC with a 50% asset under management (AUM) contribution from its non-gold loan business. Analysts at SystemTax Shares & Stock said, “The management is confident of guiding for a 20% CAGR in stable AUM over the next few years (largely driven by higher growth in non-gold business) with a sustainable ROE of 20%.” Together.” India) Ltd. in a report dated March 22.
Thus, the stock has gained nearly 7% in the last four trading sessions. Stiff competition and volatility in the gold loan business have impacted the company’s earnings performance in the recent past.
Why did nse:manappuram shares tumble 30% in just two days?
The share price of Manappuram Finance has fallen by almost 30 percent from Rs 34.60 to Rs 24.60 in just two days. It remains believed that due to the fall in gold prices, the company will expect a massive loss in revenue in the current quarter. It is the point Money Life has highlighted about gold loan companies for many years. The business model of these companies may not survive when gold prices are stagnant. Or there is pressure on consumers to pay due to various reasons, including low growth and high inflation.
Even the brokers and financial institutions, who were earlier cracking down hard on the company. Have woken up without understanding the fundamentals of gold loan companies. For example, Merrill Lynch expects the company to reach Rs 20 and has downgraded it from “Buy” to “Underperform.” Earlier this year, Ambit Capital rated the company as “Buy” and set a target price of Rs 51. He is in control now. Bank of America and Religare have also taken a similar stand and are monitoring the company.
Information about nse:manappuram Gold Finance
Manappuram Finance Limited is India’s leading Non-Banking Finance Company (NBFC), primarily providing Gold Loans, Microfinance, and Housing Finance.
Manappuram Finance has a strong presence in the gold loan market, with over 4,600 branches across India. The company provides gold loans to individuals and small businesses against their gold assets, a popular form of credit in India. The loan amount is built on the value of the Gold pledged as collateral, and the interest rates are competitive.
Apart from Gold Loans, Manappuram Finance also provides its customers with Microfinance and Housing Finance services. The company consumes various products and services to meet the financial needs of different population segments.
Manappuram Finance has consistently performed well in the Indian financial market. And its stock has been a popular choice among investors. The company has a strong managing team. And a robust risk management system to ensure the safety of its investors’ funds.
On Friday, the Board of Directors of Manappuram Finance considered. And approved the company’s fundraising program for the financial year 2023-24.
It would include the issue of redeemable non-convertible debentures (NCDs) up to an aggregate limit of Rs 8,000 crore in one. Or more tranches by way of private assignment and public issue. As decided by the board of directors or a committee thereof. ,
Earlier this month, the Financial Resources and Management Committee of the Board of Directors of Manappuram Finance. Approved the allotment of 1,10,000 rated. Listed, secured, redeemable, non-convertible debenture. Bond with a face value of Rs 1,00,000 each and a gross face value of Rs. Gave. 1,100 crores on a private placement basis to get listed on BSE Ltd.
The company also proclaimed the appointment of Dr. Samitanandan as the new Executive Director on Friday.
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