Page 4 - Manappuram Finance

Derivatives strategy by HDFC Securities: Buy Manappuram Finance Jan Futures

Stock price has broken out on the daily chart by closing above the resistance level of 181.5 to close at all time high with higher volumes

4 firms to list commercial papers on BSE for Rs 9,400 crore issue size

Steel Authority of India Ltd, Kotak Mahindra Prime Ltd, Manappuram Finance Ltd and JM Financial Products Ltd are the firms

Manappuram Finance raises $300 mn from intl market for lending activities

This is the first issuance by the company in the global bond market, tapping investors in Asia and Europe, Middle East and Africa (EMEA), said Manappuram Finance

Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs

The shares of Manappuram Finance were trading at Rs 172.35, down 0.14% on BSE

Manappuram Finance rallies 8% in two days, trades near record high

For the first half (April-September) of financial year 2019-20, the company reported a strong 60 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 671 crore.

Manappuram Finance net jumps 82% at Rs 407.65 crore for Sept quarter

The company's profit in the year-ago period stood at Rs 223.99 crore.

Manappuram Finance Q2 PBT grows 47%; plans to raise $750 mn through MTN

The total income stood at Rs 1334 crore during the quarter, as against Rs 1027.51 crore last year, an increase of 30 per cent

Derivatives strategy on Manappuram Finance by HDFC Securities

Derivative call by Nandish Shah, Technical Analyst, HDFC securities.

Higher gold prices keep the shine intact for major gold financiers

The average gold price in the September 2019 quarter, so far, is now up 11.5% from the June quarter

Manappuram Finance signs MoU with Autolite to finance electrical vehicles

Autolite (AIL) is a manufacturer of electric vehicles (Two & Three Wheeler) lithium Ion battery packs & solar products

SMEs remain high on potential, have good absorption capacity: Senthil Kumar

Overall, our NPAs are at 2.6 per cent in the vehicle finance book, which is relatively low. We are not observing any pressure, says executive vice-president of Manappuram Finance

We have not faced the ALM issues: Senthil Kumar, Manappuram Finance

Higher borrowing costs detrimental to retail lending: Senthil Kumar, Manappuram Finance

Manappuram Finance's Rs 1.5-bn equity infusion in subsidiary gets go-ahead

Asirvad Micro Finance has paid up capital of Rs 425 million with turnover of Rs 4.37 bn (as at March 2018)

Manappuram Finance gains 6% post Q2 results

The stock was up 6% to Rs 87.40 on the BSE after the company reported 41% Y-o-Y jump in consolidated net profit at Rs 2.24 billion in September quarter.

Manappuram Finance to diversify to cut reliance on gold loan portfolio

Non banking finance company (NBFC) Manappuram Finance is in the process of reducing its reliance on the gold loan portfolio, by expediting growth on other segments. The company said that it is confident that its issue of non convertible debunture to raise a base of Rs 2 billion with options of oversubscription to the tune of Rs 8 billion, will be successful.Commenting on the plans to diversify, V P Nandakumar, MD & CEO of Manappuram Finance Ltd, said that at present the gold loan is 75 per cent of its business, while 15 per cent is Microfinance business, five per cent commercial vehicles and three per cent home finance and a small portion of lending to other NBFCs. He said that the plans are to keep gold loan portfolio at 50 per cent with the rest of the business grown to the remaining 50 per cent of the business over 10 years.The company, with Assets Under Management (AUM) to the tune of Rs 170 billion and the revenue was at around Rs 60 billion at the end of September, 2018. It .

Manappuram Finance to discuss on investment proposals; stock rebounds 7%

The stock moved higher to Rs 121, up 4%, bouncing back 7% from its intra-day low of Rs 113 on the National Stock Exchange.

Manappuram Finance surges 14% after huge block deals

Till 02:46 pm; a combined 76 million shares of Manappuram changed hands on NSE and BSE.

Manappuram Finance gains 6% on strong Q4 results

The company reported 53% year-on-year jump in profit at Rs 201 crore in March quarter.

Barclays Merchant Bank buys stake in Manappuram, Shilpa Medicare

Barclays Merchant Bank (Singapore) bought 31.74 million shares of Manappuram at Rs 97.30 per share.

Manappuram Finance surges over 10% as Q3 profit more than doubles

The stock surged 13% to Rs 105 on the BSE in early morning trade