Buy Manappuram Finance, target Rs 128: Kunal Bothra

Buy Manappuram Finance Ltd. at a price target of Rs 128.0 and a stop loss at Rs 113 from entry point.

Independent analyst Kunal Bothra has a buy call on Manappuram Finance with a target price of Rs 128.

The current market price of Manappuram Finance is Rs 122.15.

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

Kunal Bothra recommended to keep a stop loss at Rs 113.

Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10,002.49 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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