Buy Manappuram Finance, target Rs 132: Shrikant Chouhan

Buy Manappuram Finance Ltd. at a price target of Rs 132.0 and a stop loss at Rs 118 from entry point.

Shrikant Chouhan of Kotak Securities Limited has a buy call on Manappuram Finance with a target price of Rs 132.

The current market price of Manappuram Finance is Rs 121.15.

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

Shrikant Chouhan recommended to keep a stop loss at Rs 118.

Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10,200.35 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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