Result Update:Manappuram Fin.
We remain positive on the stock and maintain BUY with a target price of Rs 190 (1.4x FY23E ABV), implying an upside of 19% from CMP.
201 Views
𝛼SK or SearchENTITY
Manappuram Finance (MGFL IN)
Manappuram Finance (MGFL IN)
138
Analysis
Financials • India
Manappuram Finance Limited is an Indian non-banking financial company (NBFC) specializing primarily in gold loans. The company has diversified its portfolio to include microfinance, home loans, vehicle loans, and SME lending. It was founded in 1949 and is headquartered in Valapad, Thrissur, Kerala, India.
morex