All that happened in the markets today
Risks are similar to loan against property; both are dependent on pricing strength and demand of the underlying assets
Long build up is seen in the Manappuram fin Futures' where we have seen 7% (Prov) rise in the Open Interest with Price closing flat
The non-convertible debentures are to be listed on BSE
Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies
To use digital banking platform YONO extensively to cut-down on response time and scale up activity for it
Non-banking financial company Manappuram Finance on Tuesday said it will raise up to Rs 500 crore by issuing bonds on a private placement basis
The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further
The matter relates to the company and some individuals communicating Unpublished Price Sensitive Information (UPSI) to market participants before disclosing the same to the stock exchanges
Rally factors in strong performance of Muthoot and Manappuram
The bonds carry a coupon rate of 8.75 per cent per annum and have tenure of 18 months, said the Kerala based non-banking finance company
The commentary by technical analysts has moved from 'sell on rallies' to 'buy the dips', with most expecting the bullish momentum, seen over the past three weeks, to sustain
The company's total income grew 38.7 per cent to Rs 1618.15 crore during the quarter as against Rs 1166.51 crore during same quarter a year ago
NBFC, as a sector, is looking good for the short-term
The RSI Oscillator is showing strength in the stock
Given the uncertainties in the market, analysts suggest incumbent investors should stay put in the stock, even as new investors may buy on further dip.
This took the total deal value to over Rs 721.4 crore
At 09:15 am, around 43.05 million shares of Manappuram Finance changed hands via block deals on the BSE
Total income grew 28.5 per cent to Rs 1,414 crore during the quarter, from Rs 1,100 crore in the year-ago period
Its total consolidated revenue from operations rose over 29 per cent to Rs 1,399.02 crore, taking its assets under management (AUM) to Rs 24,099.95 crore, up 35.52 per cent.