Tuesday 25 July 2017

Funda-Techno Investment Pick : Buy for 300% Gain

Manappuram Finance

Industry :Finance/NBFC

Market cap : Rs 9,144 Cr (Mid Cap)

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. The Company operates in financing segment. Its geographical segment includes domestic. Its activities include Gold Loan/Loan Against Gold, Money Transfer, Domestic Money Transfer, Foreign Exchange, SME & Loan Against Property, Depository Services and Commercial Vehicle Loans. It provides loans against property to self employed professionals/non professionals and individuals/proprietorship, partnership and limited companies. It provides Commercial Vehicle Loans to first time users/buyers, captive customers, fleet owners, individuals/proprietorship, partnership and limited companies, and schools and colleges. Its securities available for Dematerialization (Demat) include equity shares, debt instruments, such as bonds and debentures (NCD) government securities, and mutual fund units.

LTP 108

1.Cup&Handle breakout.
2. Stock is trading above its all major moving avg.
3.RSI is above 51+
4.MACD is above 0.
5. Stock is Trading at PE of 12 whereas Industry PE is 38.18
6.Company has been maintaining a healthy dividend payout of 54.47%

Buy 108-100 SL below 94 Target 155/333+
Long Term Target 333++  

Modified SL to 82CB 

Check Growth of Company frm last 3 year. 


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