South Indian Bank shares dive 15 per cent as CEO Murali Ramakrishnan opts out of re-appointment. Stock is falling in the 8th Consecutive session. Sumeet Mulchhandani, Sr. Tech Analyst, Vighnahara Investment,gave an overview of Manappuram finance he said that it is an attractive company as it got approval to raise 80 billion a few days earlier.
#stocknews  #sharemarketnews #stockmarkets #southindianbank
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3

Subscribe Now To Our Network Channels :-
Times Now  : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF

To Stay Updated Download the Times Now App :-
Android Google Play :  https://goo.gl/zJhWjC
Apple App Store :  https://goo.gl/d7QBQZ

Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com

South Indian Bank Shares Dive 15 % As CEO Murali Ramakrishnan Opts Out Of Re-appointment | ET Now

Board of Manappuram Finance approves issuance of NCDs upto Rs 8000 cr in FY24

A break above ₹126 can take the Manappuram Finance’s stock price move up to ₹132 over the next three-four weeks

Today’s Pick: Manappuram Finance (₹119.50): BUY

Manappuram Finance plans to infuse ~Rs 2.5 billion into its MFI subsidiary in FY24.

Manappuram Finance — Microfinance Is Now The Prime Engine Of Growth: Systematix

Based on the OI percentage, 53 stocks including JK Cement, Metropolis Healthcare, GAIL India, Max Financial Service and Manappuram Finance witnessed a long build-up

Trade setup for Thursday: Top 15 things to know before the opening bell

Motilal Oswal estimates the company’s gold AUM to grow by around 3.5 percent QoQ in Q4 FY23, driven by improving demand from small-ticket size borrowers.

Motilal Oswal retains buy rating on Manappuram Finance, sees 26% upside

In the past one week, the stock has rallied 6 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

Manappuram Finance extends gain; stock rallies 14% thus far in March

1. Borrowing program including issuance of redeemable non-convertible debentures, notes, bonds (Debt Securities) in onshore/offshore market by way of private placement and/or public issue for FY 2023-24

Board of Manappuram Finance to consider borrowing program and business plan for FY24

Manappuram Finance said that its board will meet on Friday, 24 March 2023, to consider and approve the borrowing program and the business plan for FY 2023-24.

Manappuram Finance board to consider borrowing program for FY24 on March 24

The partnership to facilitate capacity building of Manappuram Finance’s employees and upskilling through customised solutions offered by Digital University Kerala

Manappuram Finance, Digital University Kerala tie-up for employee training, product development

Manappuram Finance announced that its board approved the allotment of non-convertible debentures (NCDs) aggregating to Rs 1,100 crore on private placement basis.

Manappuram Finance raises 1,100 cr via NCDs

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Manappuram Finance Limited is a non-banking financial company (NBFC). The Company is engaged in offering gold loans, microfinance, housing loans and commercial vehicle loans.