Manappuram Finance up 66% in a year

 https://youtu.be/AHhfekJ5hBw?si=BJxg3ZAr1VDRnoUr

  • Manappuram Finance up 66% in a year

  • The stock has grown significantly over the past few months, gaining over 66 percent in the last on year compared to 27 percent rise seen in benchmark Nifty 50.
  • Average ticket size is around Rs 70,000-75,000 and the average life of the loan is for three months. 
  • The anticipated cut in interest rates and geopolitical tensions will act as tailwinds for the gold rates, while rapid conversion to organised business will keep the demand for gold loans robust
  • High gold prices foster gold loan business as customers can avail themselves of loans by pledging lower volumes of gold
  • The customers are mostly from the upper middle class and lower middle class, their requirement for money is the catalyst for growth
  • Planned IPO of Asirvad Microfinance, a non-banking microfinance subsidiary of Manappuram Finance. The draft red herring prospectus (DHRP) has been filed and the launch is expected in the next 2-3 months.

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