Buy Manappuram Finance, target Rs 118: Pritesh Mehta

Buy Manappuram Finance Ltd. at a price target of Rs 118.0 and a stop loss at Rs 100 from entry point.

Pritesh Mehta of IIFL has a buy call on Manappuram Finance with a target price of Rs 118.

The current market price of Manappuram Finance is Rs 105.55.

Time period given by the analyst is intraday when Manappuram Finance price can reach defined target.

Pritesh Mehta recommended to keep a stop loss at Rs 100.

Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 8,886.89 Crore) operating in Finance sector.

The company’s top management includes Dr.Amla Samanta, Dr.Shailesh J Mehta, Mr.B N Raveendra Babu, Mr.E A Kshirsagar, Mr.Jagdish Capoor, Mr.P Manomohanan, Mr.V P Nandakumar, Mr.V R Rajiven, Mr.V R Ramachandran.
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Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-09-2017, the company has a total of 841,960,249 shares outstanding.
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