Manappuram share price settles above 6%

On 27^th Dec Manappuram share price was trading at Rs. 62.80, touched the day’s high and low at Rs. 63.40 and Rs. 58.65. Around 44,96,926 shares were traded on the counter with a traded value of Rs. 2,744.47 lacs, as per NSE.

Manappuram Finance Ltd. was incorporated in the year 1992. It is a Mid Cap company which has a market cap of Rs. 4948.68 (Cr) and operates in the Finance sector.

In other news, The Ulhasnagar branch of Manappuram Finance    was looted of approximately 32 kg of gold jewellery worth about Rs 9 crore. The security guard who manned the building is allegedly suspected to be the hand behind this crime. The CCTV footage showed two masked men before the network wires were cut off. However, the police think the miscreants could be more in number as the tools they left behind are heavy and need at least four or five to haul them. They entered the firm through the duct area behind its office, where the building's main water supply pipeline passes through.

For the quarter ended 30^th Sept 2016, the company has reported consolidated sales of Rs. 839.29 Cr., up 12.91 from last quarter Sales of Rs. 743.34 Cr. and up 53.15 from last year same quarter Sales of Rs. 548.03 Cr. Company has reported net profit after tax of Rs.  193.55 Cr. in latest quarter.

At 3.30 PM, Manappuram share price settled above 6 per cent at Rs. 62.70.

Manappuram is a Multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Manappuram share price history.

Manappuram Share Price reaches almost 7%

Manappuram share price grew by almost 7 per cent in Tuesday’s trading session.

Manappuram Finance (MGFL) reported PAT growth of 205 per cent Year on year at Rs 192 crores which was led by healthy NII growth backed by strong advance growth as well as improvement in NIMs. MGFL, AUM growth for Q2FY17 was at 42 per cent at Rs 14,500 crores, management maintained its guidance to take non gold portfolio to 25 per cent (currently 15 per cent) of AUM by FY18.

Manappuram’s NII during the quarter was up by 78 per cent at Rs 543 crores led by 42 per cent Year on year AUM growth and improvement in margins by 380bps Year on year to 15.8 per cent. With 16 per cent Year on year increase in operating expenses as against 78 per cent Year on year increase in NII resulted in decrease in opex to AUM to 6.9 per cent from 8.2 per cent Year on year (7.3 per cent QoQ).

Manappuram’s cost of funds declined by 100bps Year on year to 10.1 per cent due to lower cost of funds from banks as well as mutual funds which resulted in increase in margins. Asset quality improved with auctions came down to Rs.23 crores in Q2 FY17 as against Rs.37 crores in Q1 FY17.

Manappuram believes that the de-monetization scheme will lead Unorganized gold loans to shift towards the organized segment. Also, 2/3rd of customers have already moved to online gold product facility making the demonetization impact negligible. The impact of demonetization is expected to be visible in Q3 FY17 for atleast for 10-12 days which should impact both disbursals (although 50 per cent are disbursed through NEFT/online) as well as collections.

Out of all the Top 500 Shares, Manappuram is one of the Multibagger Stocks, identified by Dynamic research at the end of every month. Manappuram can be a great investment opportunity which can give you high return.

Manappuram share price is currently trading at Rs 77.25, up by 6.85 per cent. Get the most important support and resistance levels of the company at Manappuram share price forecast.

Manappuram Share Price Tanks despite Strong Q2

Consolidated net profit of Manappuram Finance for the quarter ended September 30, was reported at Rs 192.39 crore, a distinct increase of 205.2 per cent from Rs 63.02 crore posted in the second quarter of the previous financial year. Net profit increased by 20 per cent over the previous June quarter to Rs 160.34 crore. The company's half yearly net profit was recorded at Rs 352.73 crore. While the full year net profit was Rs 353.36 crore for the financial year 2015-16.

Despite good Q2, Manappuram share price decline approximately 9% on the NSE today.

Total consolidated operating income during the quarter witnessed an increase of 52.4 per cent to Rs 842.25 crore. As compared to this the operating income was valued at Rs 552.52 crore during same quarter in the previous year. 

The Board of Directors permitted the payment of interim dividend of Rs 0.50 per share of face value of Rs 2 each. The company's consolidated Assets under Management (AUM) stood at Rs 14,490 crore, an increase of 41.8 per cent compared to Rs 10,220 crore posted a year ago. Consolidated AUM was reported at Rs 13,014 crore for the previous June quarter. The company also registered a strong 30 per cent growth in its gold loan AUM to Rs 12,382.7 crore against Rs 9,523.90 crore reported for the equivalent quarter last year. 

Meanwhile, at 11:22 AM, Manappuram share price was trading at Rs. 93.70 with the decline of 8%. 

The aggregate gold loans laid out during the quarter amounted to Rs. 14,901 crore. During the quarter, the gold loans business added 3.98 lakh new customers taking the figure of live gold loan customers to 21.83 lakh as on September 30.

Besides gold loans, the company’s new businesses persisted to gather momentum. The microfinance subsidiary, Asirvad microfinance, ended the quarter with an AUM of Rs.1,570.48 crore compared with Rs. 539 crore. The home loans subsidiary posted an AUM of Rs. 213.35 crore against Rs. 170.48 crore. Commercial vehicle loans reported an AUM of Rs. 212.59 crore compared with Rs. 168.

According to V.P. Nandakumar, MD & CEO, these new businesses have stabilized and are on the brink to scale up significantly in the coming quarters. Further, the input of new businesses to the consolidated AUM has increased to 15 per cent compared to 11 per cent in the previous quarter.

Manappuram is the Multibagger recommendation for the quarter by Dynamic Levels. For the details on Manappuram, visit Manappuram share price history page of Dynamic Levels website.

Manappuram rises after Raising 200 Crores Via NCDS

Shares of Manappuram Finance, the gold mortgage firm, was up 4% at Rs 94 on the NSE after the company raised Rs 200 crore through issuance of secured redeemable non-convertible debentures (NCDs)  on a private placement basis to ICICI Prudential Mutual Fund. On this account, Manappuram share price hiked by almost 4% to Rs. 93.80 in today’s trade.

The financial resources and management committee of the board of directors of the company assigned 2,000 secured redeemable non-convertible debentures by the private placement, with the face value of Rs 10,00,000 each. These debentures aggregated to Rs 200 crore on September 12, 2016, and were allocated to ICICI Prudential Mutual Fund.

The stock is currently trading near to its record 52-weeks high of Rs 94.10 touched on NSE on September 9, 2016. So far, a total of 51,88,931 shares has changed hands over the NSE counter. The scrip opened at Rs. 90 which remained its intraday low for today.

Manappuram share price has the face value of Rs. 2 while its book value stands at 32.77. The lifetime high of the stock is Rs. 94.95 at which the stock traded on 22 November 2010. The scrip traded on the lifetime low value of Rs.9.80 on 16 July 2013. The stock has the average volume of 56,94,582 for twenty days. The stock has the market cap of Rs.7595.21 crores and the PE of 16.69 as on 14th September 2016.

Dynamic Levels have identified Manappuram among the top 500 performing stocks for the quarter. For details on the stock, visitManappuram share price history page of Dynamic Levels website.

Manappuram Q1 Net Profit jumps Twofold

Manappuram share price rose by nearly 0.63% per cent this morning. The stock opened at Rs. 89.70 against its previous closing at Rs.87.30.  The stock touched the days high and low at Rs. 91.25 and Rs.86.60. 

Manappuram posted over twofold jump in consolidated net profit amounting to Rs 160.33 crore in the first quarter ended June of current financial year. The company had reported a net profit of Rs 59.30 crore in the similar April-June period of 2015-16.

According to the company total income (consolidated) has increased to Rs 750.79 crore for the June 2016 quarter, from Rs 540.96 crore for the same quarter of the previous financial year. On standalone basis, company disclosed its net profit which increased by 166 per cent to Rs 149.25 crore in June quarter of this fiscal as compared to Rs 55.92 crore over the year ago period.

Income (standalone) rose to Rs 675.37 crore during April-June period of 2016-17, from Rs 515.99 crore in the year ago period. The Kerala based non-banking financial company (NBFC), Manappuram Finance has now extended into forex and remittances services besides its main business of lending against gold. Manappuram share price closed at an increase of 0.55 points at Rs.88.30 and was trading at Rs. 87.85.

Manappuram Share Price Forecast

Manappuram is one of the multibagger stocks recommended by Dynamic Levels for this quarter amongst the 1700 shares listed on NSE. Last day i.e on 9^th August Manappuram share price touched its new 52 week high at Rs. 92.40 while the 52 week low is seen at Rs. 19.80 (10-Sep-15).  The company has a market cap amounting to Rs 7346.95 (Cr).For further information kindly follow the Manappuram share price history page of Dynamic Levels Website and the Ladder on Manappuram share price forecast page to get the resistance and support levels.