Manappuram General Finance & Leasing Ltd

[rmani84]

CMP: 62


Manappuram General Finance & Leasing Limited is a finance company. The Company provides a varied service including loans for gold, vehicle, business and personal use. Manappuram also offers deposits, insurance broking, instant money transfer and foreign exchange transactions.

Manappuram General Finance & Leasing is an excellent growth stock and a safe investment. The company has grown over 30 fold in bottom line in the last 5 years and the growth trend is still on. Its now a solid mid-cap stock on its way to become a large cap. Its currently valued at a P/E of 22 which is justified for its growth. NPM is strong at over 20%. Buy, Accumulate on dips of 10% and hold forever till growth stays on path.

[rmani84]

Manappuram General FY11 profit at Rs 283 cr (Its income from operations at Rs 1,179 crore) .... FY10 profits were at 120 Crores. Thats a growth of 135% YoY which is outstanding !

[rmani84]

Loan-against-gold firm Manappuram Finance plans to raise Rs 750 crore through its maiden retail non-convertible debenture issue to fund its growth plans.

[nutasha]

Manappuram loses sheen on falling gold, stock down 4%.Manappuram General Finance and Leasing (MGFL) shares fell 4% to Rs 128 in early trade Friday on concerns that gold prices could fall further.

regards
hionstocks

[Abhijit]

Is this the right time to buy this stock or we can wait for some more dips? what would be the target within 4-6 months? Thanks in Advance

[rmani84]

Is this the right time to buy this stock or we can wait for some more dips? what would be the target within 4-6 months? Thanks in Advance

Abhi, its a good long term buy with less risk ... Its a good stock to buy. Dont worry about targets if the stock is fundamentally good

Cheers!

[rmani84]

Is this the right time to buy this stock or we can wait for some more dips? what would be the target within 4-6 months? Thanks in Advance

Abhi, its a good long term buy with less risk ... Its a good stock to buy. Dont worry about targets if the stock is fundamentally good

Cheers!

[rmani84]

[Manappuram Finance Ltd.] Q2 net profit jumps by 125%. The stock was trading at Rs61.75, up by 2.92%