Manappuram Finance: Discover Why It Could Be the Next Big Winner

Manappuram Finance is in the spotlight following Capital's acquisition of an 18% stake, triggering a significant surge in the stock. On Business Today TV's "Market Today," experts discussed the implications of this move and Manappuram Finance's prospects. Mayuresh Joshi, Head Equity Research at William O'Neil India, highlighted the gold financing sector's recent strong performance, driven by RBI curbs on unsecured lending. He noted that the Capital deal is expected to create positive sentiment, especially with warrants issued at ₹236. Mayuresh Joshi also suggested that even if interest rate cuts ease bank borrowings, Manappuram Finance and Muthoot Finance should maintain reasonable volume growth. He sees positive macros and micros for Manappuram Finance over the next two quarters. Mitesh Panchal from miteshpanchal.in confirmed a buy recommendation on Manappuram Finance, even after the 10% surge. He pointed to the stock's strong rebound from ₹145 in October 2024. Mitesh Panchal believes the stock has formed a double bottom and is poised to cross ₹230 with a new trend setup. Both experts are bullish on Manappuram Finance, citing its strong performance, positive news, and favorable market conditions.