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DailyBubble News

Manappuram Finance stocks: Buy Manappuram Finance, target price Rs 225: Motilal Oswal

Motilal Oswal Financial Services has a buy call on Manappuram Finance with a target price of Rs 225, while the current market price of Manappuram Finance stands at Rs 177.85. Manappuram Finance Ltd. was established in 1992 and is classified as a Mid Cap company in the NBFC sector, with a market cap of Rs 15269.68 Crore.

The key Products/Revenue Segments for Manappuram Finance Ltd. include Interest, Other Operating Revenue, Income From Financial Services, Dividend, Fees & Commission Income, and Income From Sale Of Share & Securities for the year ending 31-Mar-2023. In terms of financial performance, for the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2362.22 Crore, marking a 1.53 % increase from the previous quarter and a 31.34 % increase from the same quarter last year. The net profit after tax for the latest quarter was reported at Rs 563.49 Crore.

As of 31-Mar-2024, Promoters held a 35.2% stake in the company, while FIIs owned 31.99% and DIIs held 9.5%. It is important to note that recommendations and reports provided in this section are authored by external parties, and the views expressed belong to the respective authors/entities. These views do not necessarily reflect those of Economic Times (ET). ET does not endorse the contents and disclaims all warranties related to the same. It is advisable to consult with a financial adviser and seek independent advice before making any investment decisions.

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