Brokerages tracking these shares had cited clearness on rules for the sector among the triggersfor re-ranking of the stocks. Both shares had underperformed the broader marketplace in by an enormous margin. Manappuram shares declined 24 percent and Muthoot Financing rose 8 percent barely. Gold loan businesses benefit from a higher loan-to-value ratio, as they charge very high rates of interest anywhere between percent depending on the value of gold pledged. Last year in March, the RBI had capped the LTV at 60 percent to curb the rapid growth of gold loans, that your central bank felt posed hazards to the operational system.
That sparked a sell-off in gold mortgage firms. The central bank had proposed capping the rates of interest charged by gold loan companies also.
Likely cap on interest rates is the other main cause of worry for investors in shares of gold loan companies. The onus has been put by the Rao panel of fixing the limit on the RBI. At the same time, the panel has said that unbridled growth of branches by large gold loan NBFCs must be moderated as much branches lacked basic amenities and posed a risk to the gold pledged generally there. The panel has recommended that gold loan companies shore up their capital adequacy ratio by infusing their own funds.
High Financial Strength. Valuation score Expensive Valuation. Momentum score Technically Moderately Bullish.
Market Capitalizati High in industry. AVG Broker Target Above industry median. No of reports. Reports published in last year. Target upgrades. Target upgrades in last 6 month.
Target downgrades. Target downgrades in last 6 month. Price to Book Value.
Announcement under Regulation 30 (LODR)-Newspaper Publication
Operating Revenues Qtr Cr c. Net Profit Qtr Cr c. RSI Overbought. MFI is mid-range. MACD signal.
Manappuram Finance Ltd stock quote, Manappuram Finance Ltd company overview | Reuters India
SMA Price above SMA No change in Promoter holding. FII holding decreased by 1.
MF holding increased by 0. Institutional holding decreased by 0. Support trendlyne. Reco - This broker has downgraded this stock from it's previous report.
MANAPPURAM Share Price Today
Target - Broker has maintained previous recommendation but reduced target price. Reco - This broker has upgraded this stock from it's previous report. Target - Broker has maintained previous recommendation but increased target price.
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