Buy Manappuram Finance Ltd. target Rs 105: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Manappuram Finance Ltd. with a target price of Rs 105.0. The current market price of Manappuram Finance Ltd. is Rs 96.75. The time period given by analyst is Intra Day when Manappuram Finance Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 93.0 .

Manappuram Finance Ltd., incorporated in the year 1992, is a midcap company (having a market cap of ₹ 7795.99 Cr.) operating in Finance sector.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest which contributed ₹ 2189.80 Cr to Sales Value (98.94 % of Total Sales), Processing Charges which contributed ₹ 12.87 Cr to Sales Value (0.58 % of Total Sales) and Other Operating Revenue which contributed ₹ 10.41 Cr to Sales Value (0.47 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 897.73 Cr., up 6.96% from last quarter Sales of ₹ 839.29 Cr. and up 46.45% from last year same quarter Sales of ₹ 613.00 Cr. Company has reported net profit after tax of ₹ 203.61 Cr. in latest quarter. The company’s CEO is Mr.V P Nandakumar. It's Board of Directors include Dr.Amla Samanta, Mr.B N Raveendra Babu, Mr.E A Kshirsagar, Mr.Jagdish Capoor, Mr.Kapil Krishan, Mr.N R Bahuleyan, Mr.P Manomohanan, Mr.Pradeep Saxena, Mr.Ramesh Periasamy, Mr.Shailesh J Mehta, Mr.V P Nandakumar, Mr.V R Rajiven, Mr.V R Ramachandran, Mr.Ramesh Periasamy. Company has its registered office at V/104, Manappuram House,, Valapad P.O., Thrisoor, 680567, Kerala. Company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2017, the company has a total of 841,899,636 shares outstanding.