Status: Pending
Age: New (01/01/2001)
Broker Motilal Oswal Recommends Neutral on Manappuram Finance with Target of ₹280
Brokerage
Motilal Oswal
Analyst
Brokerage Team
Position
Neutral
Start Date
01/01/2001
Horizon
Long Term
Target Price and Expected Returns
Start Price
Target Price
₹280
Expected Returns
Summary
Motilal Oswal has issued a neutral recommendation on Manappuram Finance with a target price of ₹280, based on its research report.
Motilal Oswal's justification for Manappuram Finance target price prediction
- Motilal Oswal reported 1QFY26 consolidated profit of ₹1.3 billion.
- NII declined ~10% YoY to ₹13.8 billion.
- Operating expenses grew 10% YoY but were lower than expected.
- Credit costs fell significantly to ₹5.6 billion.
- AUM increased ~3% QoQ and gold AUM rose ~13% QoQ.
Sources:
https://www.moneycontrol.com/news/business/stocks/neutral-manappuram-finance-target-of-rs-280-motilal-oswal-13465187.html
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