# MANAPPURAM (MANAPPURAM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/manappuram

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹316.75
- Change: +0.22%
- As of: 2026-09-18
- 1D return: +0.98%
- 5D return: -3.52%
- 1M return: -8.62%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MANAPPURAM's price of ₹319.15 is positioned below its daily Supertrend indicator, suggesting a bearish short-term trend. Daily moving averages (20-day EMA ₹332.81, 50-day EMA ₹337.29, 20-day SMA ₹337.77, 50-day SMA ₹345.83) are all above the current price, reinforcing this bearish short-term outlook. However, the weekly timeframe shows a bullish Supertrend at ₹297.53 and the price is above its 50-day EMA (₹305.4) and 50-day SMA (₹303.0), indicating a potentially stronger underlying trend. The monthly timeframe shows a bearish Supertrend at ₹379.64, but the price is above the 20-day EMA (₹286.65) and 20-day SMA (₹281.55), presenting a mixed picture across timeframes.

The stock is currently trading near its nearest support level of ₹317.73 (a pivot point), which is approximately 0.44% below the current price. The nearest resistance is at ₹320.47, about 0.41% above the current price. The stock's recent activity includes a Doji pattern on the daily chart as of September 18, 2026. The annualized volatility stands at 34%, with a current drawdown of -14% and a maximum drawdown of -22%.

- Nearest support: ₹317.73
- Nearest resistance: ₹320.47
- Daily trend: Bearish (price below Supertrend)
- Weekly trend: Bullish (price above Supertrend)
- Monthly trend: Bearish (price below Supertrend)
- Current pattern: Doji (as of 2026-09-18)
- Annualized volatility: 34%

- Doji
- Harami
- Outside Bar
- Inside Bar
- Bullish Engulfing Reversal

### News Context

Manappuram Finance experienced a notable share price decline on September 15, 2026, with its stock falling by 3%. This movement followed the announcement of resignations from two senior management positions within the company. The specific individuals who resigned were Digbijay Bandyopadhyay and Ajay Bhalchandra Shelke. The company's business segments include Manappuram Commercial Vehicle Finance and Manappuram Two-Wheeler Finance, which may be impacted by these management changes.

- On September 15, 2026, Manappuram Finance shares fell 3%.
- The share price drop coincided with the resignation of two senior management personnel: Digbijay Bandyopadhyay and Ajay Bhalchandra Shelke.

- Manappuram Finance shares fall 3% after two senior management resignations

### What Changed

As of September 18, 2026, Manappuram Finance (NSE: MANAPPURAM) has experienced a slight increase in its stock price, moving from ₹316.05 to ₹319.15. This represents a change of ₹3.10 over the observed period. The provided evidence does not contain details on any new filings or news events that may have influenced this movement, nor does it offer insights into weekly or daily trends. The company's profile and exchange listing remain consistent with prior context.

- Stock price increased by ₹3.10 from a previous price of ₹316.05 to a current price of ₹319.15 as of September 18, 2026.
- No new filings or news developments were reported for Manappuram Finance as of September 18, 2026.
- The company continues to be listed on the NSE under the symbol MANAPPURAM.

### Official Filings

Manappuram Finance Limited has reported several changes in its senior management and disclosed its shareholding pattern. On September 15, 2026, the company informed exchanges about the resignations of two senior management personnel: Mr. Digbijay Bandyopadhyay, Business Head – Commercial Vehicle Finance, and Mr. Ajay Bhalchandra Shelke, Business Head – Two-Wheeler Finance, both citing personal reasons. This follows the resignation of Mr. Kamal P Parmar, Senior Vice President and Business Head of Commercial Vehicle Finance, effective September 1, 2026, also for personal reasons. These changes in leadership roles may warrant investor attention regarding business continuity and strategic direction.

In terms of capital structure, on August 17, 2026, the company allotted Non-Convertible Debentures (NCDs) totaling ₹850 crore. This includes ₹250 crore of Series A NCDs maturing in August 2032 with a 9.05% coupon, and ₹600 crore of Series B NCDs maturing in August 2036 with a 9.10% coupon. These NCDs were issued on a private placement basis and approved by the Financial Resource Management Committee.

Regarding financial performance, for the quarter ended June 30, 2026 (Q1 FY2027), Manappuram Finance reported a consolidated Assets Under Management (AUM) of ₹69,635 crores and a Profit After Tax (PAT) of ₹585 crores. This represents a year-on-year growth of 57% in AUM and 47% in PAT. The company also declared an interim dividend of ₹1 per share. Furthermore, the company confirmed on August 13, 2026, that there were no deviations in the utilization of proceeds from its March 27, 2026, preferential issue of ₹4,384.94 crore during the quarter. The funds were used for investments in subsidiaries, onward lending for gold loans, and general corporate purposes. An additional ₹1,644.35 crore from convertible warrants remains uncollected, with conversion due by February 2027.

- On September 15, 2026, Manappuram Finance Limited announced the resignation of two senior management personnel: Mr. Digbijay Bandyopadhyay (Business Head – Commercial Vehicle Finance) and Mr. Ajay Bhalchandra Shelke (Business Head – Two-Wheeler Finance).
- Mr. Kamal P Parmar, Senior Vice President and Business Head of Commercial Vehicle Finance, also resigned effective September 1, 2026.
- On August 17, 2026, the company allotted ₹250 crore (Series A) and ₹600 crore (Series B) of Non-Convertible Debentures (NCDs) with maturities in 2032 and 2036, respectively.
- For Q1 FY2027 (ended June 30, 2026), consolidated AUM stood at ₹69,635 crores (up 57% YoY) and PAT was ₹585 crores (up 47% YoY).
- An interim dividend of ₹1 per share was declared.
- On August 13, 2026, the company reported no deviations in the utilization of proceeds from its March 27, 2026, preferential issue totaling ₹4,384.94 crore.

- Manappuram Finance Limited has informed the Exchange about change in Management |SUBJECT: Change in Management
- Manappuram Finance Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- AS ON DATE : 31-Mar-2026 | PR_AND_PRGRP: 31.77 | PUBLIC_VAL: 68.23 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 21-Apr-2026 | REVISION_DT: 09-Sep-2026
- Manappuram Finance Limited has informed the Exchange regarding Resignation of Mr Kamal P Parmar as Other of the company w.e.f. September 01, 2026. |SUBJECT: Resignation
- MANAPPURAM FINANCE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Manappuram Finance Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- MANAPPURAM|MANAPPURAM FINANCE LIMITED|Original|Regulation 7 (2)|IT_3317_WebXMLFile_20260819_170940946.xml|IT_3317_20260819_170940980_WEB.html|5152|22287|-
- Manappuram Finance Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Manappuram Finance Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Please find attached the monitoring agency report for the quarter ended June 30, 2026 |SUBJECT: Monitoring Agency Report

### Fundamentals

Manappuram Finance's revenue from operations has shown a consistent upward trend across the reported periods. Revenue grew from ₹2,353.14 crore in Q3 FY2025-26 to ₹3,034.16 crore in Q1 FY2026-27. This growth in revenue was accompanied by an increase in interest earned, which rose from ₹2,244.10 crore to ₹2,997.70 crore over the same timeframe. However, finance costs also increased, from ₹945.21 crore to ₹1,273.96 crore, indicating a rise in the cost of borrowing. The company reported impairment on financial instruments at ₹354.07 crore in Q3 FY2025-26, which decreased to ₹215.58 crore in Q4 FY2025-26 before rising slightly to ₹225.47 crore in Q1 FY2026-27. Other expenses remained relatively stable, fluctuating between ₹153.62 crore and ₹167.70 crore.

- Revenue from operations increased from ₹2,353.14 crore in Q3 FY2025-26 to ₹3,034.16 crore in Q1 FY2026-27.
- Interest earned grew from ₹2,244.10 crore in Q3 FY2025-26 to ₹2,997.70 crore in Q1 FY2026-27.
- Finance costs rose from ₹945.21 crore in Q3 FY2025-26 to ₹1,273.96 crore in Q1 FY2026-27.
- Impairment on financial instruments was ₹354.07 crore in Q3 FY2025-26, ₹215.58 crore in Q4 FY2025-26, and ₹225.47 crore in Q1 FY2026-27.
- Other income showed variability, reported at ₹5.75 crore in Q3 FY2025-26, ₹11.75 crore in Q4 FY2025-26, and ₹6.17 crore in Q1 FY2026-27.

### Bull Case

Manappuram Finance's weekly technicals show a bullish trend, indicated by the supertrend indicator being in a bullish direction as of September 18, 2026. This is supported by a positive EMA 20 slope of 4.81 and SMA 50 slope of 5.38 over five days, suggesting upward momentum on a weekly basis. The stock has also demonstrated a return of 0.18 over the past six months. However, daily and monthly technical indicators, including the supertrend direction, are currently bearish, and the stock is trading below its 20-day and 50-day exponential moving averages on a daily basis.

- As of September 18, 2026, the weekly supertrend indicator for Manappuram Finance is in a bullish direction.
- The company has achieved a return of 0.18 over the last six months.
- On a weekly basis, the EMA 20 slope over five days is 4.81 and the SMA 50 slope over five days is 5.38.

- Manappuram Finance shares fall 3% after two senior management resignations

### Bear Case

Manappuram Finance's recent technical indicators suggest a cautious outlook. The daily trend shows the closing price at ₹319.15, below both the 20-day exponential moving average (EMA) of ₹332.81 and the 50-day EMA of ₹337.29. The Supertrend indicator is also in a bearish direction at ₹346.08. On a monthly basis, the trend remains bearish with the Supertrend at ₹379.64, and the closing price is below the 20-day EMA (₹286.65) and 50-day SMA (₹281.55). The company has experienced a maximum drawdown of -22% and a current drawdown of -14%, indicating significant price volatility. Additionally, recent news reported a 3% share price fall following the resignation of two senior management personnel.

- Daily technicals show the closing price (₹319.15) below key EMAs (20-day: ₹332.81, 50-day: ₹337.29) with a bearish Supertrend (₹346.08).
- Monthly technicals also indicate a bearish trend with the Supertrend at ₹379.64.
- The stock has experienced a maximum drawdown of -22% and a current drawdown of -14%.
- Shares fell 3% on news of two senior management resignations.

- Manappuram Finance shares fall 3% after two senior management resignations

### FAQs

**What recent management changes have occurred at Manappuram Finance?**

Manappuram Finance informed the stock exchanges on September 15, 2026, that two senior management personnel resigned for personal reasons. Mr. Digbijay Bandyopadhyay, Business Head – Commercial Vehicle Finance, resigned effective September 15, 2026. Mr. Ajay Bhalchandra Shelke, Business Head – Two-Wheeler Finance, resigned effective September 16, 2026. Additionally, Mr. Kamal P Parmar, Senior Vice President and Business Head of Commercial Vehicle Finance, resigned effective September 1, 2026, citing personal reasons.

**What are Manappuram Finance's recent share price trends and technical indicators?**

As of September 18, 2026, Manappuram Finance's stock closed at ₹319.15. The daily trend shows the closing price below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with negative slopes for the EMAs and SMAs over the last 5 periods. The Supertrend indicator is 'bearish' on a daily timeframe. On a weekly timeframe, the Supertrend indicator is 'bullish', with the closing price above the 20-day and 50-day SMAs and positive slopes for the SMAs over the last 5 periods. Monthly indicators show a 'bearish' Supertrend direction with a high ADX value of 75.85, suggesting strong trend momentum.

**What has been Manappuram Finance's stock performance over different periods?**

As of September 18, 2026, Manappuram Finance's stock has shown varied returns across different periods. It had a return of 0.01 (1%) over the last day and 0.09 (9%) over the last year. Over the last six months, the return was 0.18 (18%), while the year-to-date return was 0.02 (2%). Longer-term returns include 0.67 (67%) since the start of trading. However, the stock experienced negative returns over shorter periods, with -0.08 (-8%) in the last month, -0.01 (-1%) in the last three months, and -0.06 (-6%) over the last ten days.

**What is the shareholding pattern for Manappuram Finance as of March 31, 2026?**

As of March 31, 2026, Manappuram Finance reported a public shareholding of 68.23%. The Promoter and Promoter Group held 0.1097% of the total shares. Key individual shareholders included Nandakumar V P (0.2618%) and Sushama Nandakumar (0.0511%). Institutional holdings consisted of Foreign Portfolio Investors at 0.2323% and Mutual Funds at 0.1097%.

- Manappuram Finance shares fall 3% after two senior management resignations
- Manappuram Finance Limited has informed the Exchange about change in Management |SUBJECT: Change in Management
- Manappuram Finance Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- AS ON DATE : 31-Mar-2026 | PR_AND_PRGRP: 31.77 | PUBLIC_VAL: 68.23 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 21-Apr-2026 | REVISION_DT: 09-Sep-2026
- Manappuram Finance Limited has informed the Exchange regarding Resignation of Mr Kamal P Parmar as Other of the company w.e.f. September 01, 2026. |SUBJECT: Resignation
- MANAPPURAM FINANCE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹317.73
- Risk regime: Price Risk Requires Attention

### Support levels
- 269.878125
- 265.5
- 259.77374999999995

### Resistance levels
- 334.7625
- 348.2
- 372.8

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.98% |
| return_10 | -6.41% |
| return_1m | -7.92% |
| return_1y | +9.20% |
| return_20 | -8.62% |
| return_3m | -0.68% |
| return_5 | -3.52% |
| return_6m | +18.20% |
| return_since_start | +66.60% |
| return_ytd | +1.61% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -21.51% |
| annualized_volatility | +34.37% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue growth and lower impairment costs drive profit increase

Manappuram Finance's revenue from operations rose 34% year over year to ₹3,034.16 crore, led by higher interest income. Finance costs increased 49%, but a 60% drop in impairment on financial instruments more than offset that pressure, pushing profit before tax up 670% to ₹781.82 crore and net profit up 341% to ₹584.77 crore. The company raised equity capital during the quarter, which diluted earnings per share; basic EPS still rose 297% year over year to ₹6.23.

## Revenue and Interest Income

Interest earned grew 34% year over year to ₹2,997.70 crore. Revenue from operations, which includes other operating income, rose at a similar pace (34% to ₹3,034.16 crore). Sequentially, revenue from operations improved 16% from the March 2026 quarter.

## Cost Structure and Impairment

Finance costs grew 49% year over year to ₹1,273.96 crore, outpacing revenue growth. Impairment on financial instruments fell sharply, dropping 60% from ₹559.37 crore in the year-ago quarter to ₹225.47 crore. Sequentially, impairment was nearly flat, rising 5% from ₹215.58 crore in the preceding quarter, indicating that impairment charges have stabilized at a much lower level than a year ago. Other expenses declined 6% year over year to ₹167.70 crore.

## Profitability

The combination of higher revenue and lower impairment drove profit before tax from ₹101.52 crore to ₹781.82 crore. Tax expense was ₹197.05 crore, compared to a negative ₹30.95 crore in the year-ago period, implying an effective tax rate of about 25%. Net profit rose 341% to ₹584.77 crore. Sequentially, net profit grew 44% from the March 2026 quarter.

## Equity and Earnings Per Share

Paid-up equity share capital increased 11% to ₹187.87 crore from ₹169.29 crore, indicating a capital raise during the quarter. Basic earnings per share (EPS) was ₹6.23, up 297% from ₹1.57 a year ago, but the growth rate was lower than net profit growth due to the larger share base. Diluted EPS was ₹6.10. Sequentially, basic EPS fell from ₹9.54 in the March 2026 quarter, as the increase in shares outstanding more than offset the 44% rise in net profit.

## Key Takeaway

The quarter's results were marked by a significant improvement in profitability, driven by revenue growth and a reduction in impairment charges from the elevated levels of the prior year. Finance costs rose faster than revenue, but the decline in impairment more than compensated. The capital raise diluted EPS sequentially, but year-over-year earnings per share still rose 297%.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_15092026113133_Reg30FINALsigned.pdf)
- 2026-09-15 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_ROID_98394_KMP_Doc.zip)
- 2026-09-11 — Shareholding Disclosure: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1722986_09092026051805_WEB.xml)
- 2026-09-01 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_01092026195205_Reg30FINALsigned.pdf)
- 2026-09-01 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3317_WebXMLFile_20260901_200431230.xml)
- 2026-09-01 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_ROID_97679_KMP_Doc.zip)
- 2026-08-19 — Official Filing: MANAPPURAM FINANCE LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_3317_WebXMLFile_20260819_170940946.xml)
- 2026-08-17 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_17082026184939_MAFIL_transcript_signed.pdf)
- 2026-08-17 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_17082026191658_NCD_Intimation_signed.pdf)
- 2026-08-13 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_13082026101036_MAReportforSE_signed.pdf)
- 2026-08-13 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_13082026152525_SEintimationvotingresults_signed.pdf)
- 2026-08-12 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_12082026211216_IntimationofSchedulefinal.pdf)
- 2026-08-12 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_12082026213001_34AGMPROCEEDINGS.pdf)
- 2026-08-12 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20260812_220426097.xml)
- 2026-08-12 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_12082026165632_Stock_Exchnage_Intimation-Newspaper_publication_signed.pdf)
- 2026-08-11 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20260811_201943545.xml)
- 2026-08-11 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026180337_OUTCOMEFINALsigned.pdf)
- 2026-08-11 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3317_WebXMLFile_20260811_200938059.xml)
- 2026-08-11 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026163609_OUTCOMEFINALsigned.pdf)
- 2026-08-11 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026175305_OUTCOMEFINALsigned.pdf)
- 2026-08-11 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026175810_OUTCOMEFINALsigned.pdf)
- 2026-08-11 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026185235_OUTCOMEFINALsigned.pdf)
- 2026-08-11 — Earnings Presentation: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026165542_InvestorPresentation.pdf)
- 2026-08-11 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3317_WebXMLFile_20260811_194156488.xml)
- 2026-08-11 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_11082026174925_OUTCOMEFINALsigned.pdf)

## News and market events

- 2026-09-15 — BUSINESSTODAY: **Manappuram Finance shares fall 3% after two senior management resignations** — Manappuram Finance, Manappuram Finance shares, Manappuram Finance stock, Manappuram senior management resignation, Digbijay Bandyopadhyay, Ajay Bhalchandra Shelke, Manappuram Commercial Vehicle Finance, Manappuram Two-Wheeler Finance, Manappuram share price, gold loan stocks, shares news today, shares today, Manappuram — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-shares-fall-3-after-two-senior-management-resignations-555535-2026-09-15)
- 2026-09-11 — CNBC-TV18: **Exclusive | Is the RBI worried about gold loans? Here's what the governor said** — RBI monitors rapid gold loan growth but sees no immediate concern due to low GNPAs, LTVs, and safeguards, says Governor Sanjay Malhotra. — [Source](https://www.cnbctv18.com/business/finance/exclusive-is-rbi-worried-about-gold-loans-here-is-what-the-governor-said-19989315.htm)
- 2026-09-11 — BUSINESS: **Stock Alert: Shankesh Jewellery. Neogen Chem, Texmaco Rail Juniper Green Energy** — Shares of Bandhan Bank, Inox Wind, Kaynes Technology, SAIL and Manappuram Finance barred from fresh F&O positions on 11 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-shankesh-jewellery-neogen-chem-texmaco-rail-juniper-green-energy-126091100137_1.html)
- 2026-09-09 — BUSINESSTODAY: **HDFC Bank, ICICI Bank, IndusInd, Axis, Manappuram: Top financial stocks to buy; check fresh targets** — IDBI Capital stock picks, IDBI Capital target prices, IDBI Capital buy rating, banking stocks to buy, NBFC stocks to buy, best banking stocks, NBFC stocks, HDFC Bank target price, ICICI Bank target price, IndusInd Bank target price, Axis Bank target price, Federal Bank target price, DCB Bank target price, Union Bank of India target price, City Union Bank target price, Muthoot Finance target price, Manappuram target price, M&M Finance target price, Chola Finance target price, Shriram Finance target price, Aadhar Housing target price, Home First target price — [Source](https://www.businesstoday.in/markets/stocks/story/hdfc-bank-icici-bank-indusind-axis-bank-manappuram-top-financial-stocks-to-buy-check-fresh-targets-554211-2026-09-09)
- 2026-09-08 — BUSINESSTODAY: **Gold-loan NBFCs stare at tougher competition as banks enter the market** — Gold loans, NBFCs, Muthoot Finance, Manappuram Finance, Bank competition — [Source](https://www.businesstoday.in/industry/banks/story/gold-loan-nbfcs-stare-at-tougher-competition-as-banks-enter-the-market-553801-2026-09-08)
- 2026-09-07 — CNBC-TV18: **FIIs turn marginal buyers on Monday, DIIs extend 20-session streak** — Foreign institutional investors turned marginal net buyers in Indian equities on Monday after selling on Friday, while domestic institutional investors extended their buying streak to 20 sessions. — [Source](https://www.cnbctv18.com/market/fiis-turn-marginal-buyers-on-monday-diis-extend-20-session-streak-19985900.htm)
- 2026-09-07 — BUSINESSTODAY: **Manappuram Finance, Muthoot Finance shares: Antique sees up to 21% upside on two gold loan stocks** — Manappuram Finance, Muthoot Finance, gold financiers, gold loans, gold financing, Manappuram Finance target price, Muthoot Finance target price, Antique Stock Broking, Manappuram Finance BUY rating, Muthoot Finance HOLD rating — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-muthoot-finance-shares-antique-sees-up-to-21-upside-on-two-gold-loan-stocks-553554-2026-09-07)
- 2026-09-07 — CNBC-TV18: **Zydus Wellness up 8%, PVR Inox down 7%: Check out other Nifty 500 top movers** — Some Nifty 500 stocks rallied at market open, while others slid on an executive exit report and profit booking — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/stocks/zydus-wellness-up-8-pvr-inox-down-7-check-out-other-nifty-500-top-movers-19985230.htm)
- 2026-09-02 — NEWS.WEBINDIA123.COM: **Gold loan growth driven more by higher gold prices, repeat borrowing than new customers: Report** — The rapid growth in India's gold loan market is increasingly being driven by higher gold prices and repeat borrowing by existing customers rather than a significant rise in new borrowers or the amount of gold being pledged, according to a Motilal Oswal thematic report on the gold loan sector. — [Source](https://news.webindia123.com/news/articles/business/20260902/4493824.html)
- 2026-08-31 — BUSINESSTODAY: **Manappuram Finance, HZL, NFIL, Meesho: Jefferies adds 4 stocks to portfolio; here's why** — HZL share price, Manappuram Finance share price, Meesho share price, Hindustan Zinc share price, Hind Zinc share price, Jefferies, Jefferies model portfolio — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-hzl-nfil-meesho-jefferies-adds-4-stocks-to-portfolio-heres-why-552145-2026-08-31)
- 2026-08-28 — BUSINESS: **Gold monetisation: Manappuram, MCX among Jefferies top stock picks** — While gold has traditionally been a dormant store of value for Indian households, the current price upcycle is increasingly turning the asset into a source of liquidity through gold-backed loans. — [Source](https://www.business-standard.com/markets/news/gold-monetisation-manappuram-mcx-among-jefferies-top-stock-picks-126082800232_1.html)
- 2026-08-28 — CNBC-TV18: **Jefferies Model Portfolio: Here's why Manappuram, Hindustan Zinc and two others are the new inclusions** — In its note, Mahesh Nandurkar of Jefferies wrote about the recent surge in gold prices in the global markets, highlighting that Indians hold gold worth nearly $4 trillion, nearly 4x the money they hold in stocks. — [Source](https://www.cnbctv18.com/market/jefferies-india-model-portfolio-manappuram-hindustan-zinc-hzl-meesho-navin-fluorine-share-price-rationale-inclusion-exclusion-19978737.htm)
- 2026-08-27 — CNBC-TV18: **Market at close: Sensex sheds 539 points, Nifty ends below 24,100; HDFC Bank drags** — Indian equity markets remained under pressure on Thursday, with the Sensex falling 539 points to 76,933 and the Nifty declining 117 points to 24,091, ending at one-week lows. The Nifty slipped below the crucial 24,100 level, while market breadth remained firmly in favour of declines. — [Source](https://www.cnbctv18.com/market/market-at-close-sensex-sheds-539-points-nifty-ends-below-24100-hdfc-bank-drags-19978430.htm)
- 2026-08-26 — MONEYCONTROL: **Beating the Nifty on lower risk: The conviction bets inside this boutique PMS** — ONGC, HDFC, muthoot, manappuram, finance, gold, microfinance, bajaj finance — [Source](https://www.moneycontrol.com/news/business/markets/beating-the-nifty-on-lower-risk-the-conviction-bets-inside-this-boutique-pms-14016047.html)
- 2026-08-25 — BUSINESS: **Gold loan market gets crowded: Will new entrants dull incumbents' sheen?** — Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26. — [Source](https://www.business-standard.com/markets/news/gold-loan-market-gets-crowded-will-new-entrants-dull-incumbents-sheen-126082500064_1.html)
- 2026-08-24 — Economic Times: **Muthoot Finance, Manappuram Finance shares rally up to 11% in 4 days as gold crosses Rs 1.63 lakh** — Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained sharply as gold prices climbed on a weaker dollar and liquidity support from the US Treasury. Investors are watching US inflation data and Fed signals at Jackson Hole. Rising gold prices and geopolitical tensions continue supporting demand for gold-backed lending. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/muthoot-finance-manappuram-finance-shares-rally-up-to-11-in-4-days-as-gold-crosses-rs-1-63-lakh/articleshow/133455929.cms)
- 2026-08-21 — MONEYCONTROL: **IIFL, Muthoot, Manappuram ​Finance gain up to 8% as J.P. Morgan initiates coverage on gold financiers** — IIFL finance shares, Muthoot Finance share price today news, Manappuram ​Finance shares nse — [Source](https://www.moneycontrol.com/news/business/markets/iifl-manappuram-finance-gain-up-to-8-as-j-p-morgan-initiates-coverage-on-gold-financiers-14012302.html)
- 2026-08-20 — MONEYCONTROL: **Manappuram, Muthoot Finance shares rise up to 4% after gold scales over 2-month peak on US Treasury move** — Manappuram, Muthoot Finance, gold prices — [Source](https://www.moneycontrol.com/news/business/markets/manappuram-muthoot-finance-shares-rise-up-to-4-after-gold-scales-over-2-month-peak-on-us-treasury-move-14011147.html)
- 2026-08-19 — MONEYCONTROL: **Trade Setup for August 20: Top 15 things to know before the opening bell** — NIfty Trade Setup for August 20,Bank Nifty Trade Setup for August 20,NSE Nifty,India VIX,Bank Nifty — [Source](https://www.moneycontrol.com/news/business/markets/trade-setup-for-august-20-top-15-things-to-know-before-the-opening-bell-14010697.html)
- 2026-08-12 — Mint: **Manappuram Finance pushes the pedal on gold loans as other businesses lose sheen** — Manappuram Finance’s Q1 profit rebound was powered by a near-doubling in gold loan AUM, but muted non-gold businesses, rising competition and regulatory changes could test its growth momentum. — [Source](https://www.livemint.com/market/mark-to-market/manappuram-finance-gold-loans-muthoot-finance-nbfc-aum-rbi-loan-growth-asset-quality-11786510821642.html)
- 2026-08-12 — The Hindu: **Q1 Results 12th Aug Live: HAL, Grasim Ind, Tata Motors, Apollo Hospitals, GMR Airports, Lenskart, GIC, Abbott, AIA Engg, IRCTC, Sun TV, EID Parry, VA Tech, IRCON to announce Q1 results, NBCC (India), Siemens, RVNL, Kalpataru, MRF, Zydus Lifesciences, KPI Green, Manappuram Finance in focus, TD Power Systems, Finolex shares hit 52-week high** — Q1 Results Today, 12th August 2026 Live Updates: Find all the latest Q1 results 2026 updates of 63 Moons Technologies, A2Z Infra Engineering, Aagam Capital, Akar Auto Industries, Aarvi Encon, Aastamangalam Finance, Abbott India, A B Cotspin India, ADC India Communications, Aeonx Digital Technology, Agarwal Fortune India, AIA Engineering, Aimco Pesticides, Alliance Integrated Metaliks, Ajcon Global Services, AK Capital Services, AksharChem India, Abhinav Leasing & Finance, Alphalogic Techsys, Amb... — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-hal-grasim-ind-tata-motors-apollo-hospitals-gmr-airports-lenskart-gic-abbott-aia-engg-irctc-sun-tv-eid-parry-va-tech-ircon-titagarh-results-12-august-2026/article71332017.ece)
- 2026-08-12 — CNBC-TV18: **Q1 Results Live Updates: HAL, Apollo Hospitals, IRCTC report today; Manappuram, PI react** — Q1 Results LIVE Updates: Apollo Hospitals and Grasim are among the final Nifty 50 names that will be reporting their results today along with broader market names such as HAL, IRCTC, IRCON, Lenskart, Astral, Tata Motors CV, among others. Manappuram, PI Industries, Bata India, Senco Gold, and others will also be reacting to their results. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-hal-apollo-hosp-manappuram-irctc-ircon-lenskart-grasim-pi-ind-astral-share-price-liveblog-19967133.htm)
- 2026-08-11 — The Hindu: **Manappuram Finance logs 41% jump Q1FY27 standalone net profit at ₹552 crore** — In the reporting quarter, the NBFC’s net interest income (difference between interest earned and finance costs) rose 33% yoy to ₹1,464 crore (₹1,104 crore in Q1FY26) — [Source](https://www.thehindubusinessline.com/money-and-banking/manappuram-finance-logs-41-jump-q1fy27-standalone-net-profit-at-552-crore/article71333133.ece)
- 2026-08-11 — CNBC-TV18: **Stocks to Watch for August 12: Auto stocks, Manappuram Finance, NBCC, Larsen & Toubro and more** — From NBCC (India) reporting a 17.2% year-on-year rise in net profit to L&T entering into agreements with its wholly owned subsidiary Vyoma.AI; these are stocks to track ahead of Wednesday trading session. Investors will also keep an eye on Grasim Industries, Astral and Gujarat Fluorochemicals, which are scheduled to announce their Q1 FY27 results tomorrow, August 12. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-12-auto-stocks-manappuram-finance-nbcc-larsen-toubro-and-more-19966808.htm)
- 2026-08-11 — CNBC-TV18: **Q1 Results LIVE Updates: RHI Magnesita profit up 83%, Manappuram Finance NII up 28%** — Q1 Results LIVE Updates: MRF, Ashoka Building, Zydus Life, Bata India, Gokaldas Exports, Balrampur Chini, DAM Capital, EPack Durable, Delta Corp, Finolex Cables, JSW Paints, KPI Green, Landmark Cars, Manappuram Finance, Laxmi Dental, NBCC, RVNL, Senco Gold, Siemens Ltd, TD Power Systems, Venky's, are among the companies reporting their results today. Earnings reactions will come from Vodafone Idea, Bosch, Zee Entertainment, Gland Pharma, among other companies. Watch this space for all the LIVE result updates for Q1. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-vodafone-idea-bosch-mrf-bata-manappuram-nbcc-rvnl-zydus-life-zee-gland-ideaforge-share-price-liveblog-19966154.htm)

## Business profile

**Strategic vision:** Indian non-banking financial company offering diversified financial services.

### Business segments
- **Gold Loans:** The core business providing loans against gold with quick approvals and minimal paperwork through an extensive branch network.
- **Business Loans:** Financial assistance provided to businesses.
- **Housing Loans:** Includes Housing Loan, Home Improvement Loan, and Balance Transfer and Top-up facilities.
- **Property Loan:** Loans secured against property.
- **Forex and Money Transfer:** Services for foreign exchange and money remittances.
- **MAkash - Digital Wallet:** A digital payment solution.
- **Microfinance:** Engaged in microfinance activities through a subsidiary.

### Competitive strengths
- Extensive branch network for gold loan services.
- Digital platforms for enhanced customer access.
- Diversified financial product offerings.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/manappuram
Markdown representation: https://faxioms.com/stocks/manappuram?render=md