MANAPPURAM FINANCE - 87% RETURNS!!!

BUY - MANAPPURAM FINANCE
CMP - Rs. 130
Target - 1: Rs. 157
Target - 2: Rs. 209
Target - 3: Rs. 264
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Technicals -
1) Cup and Handle Pattern BO
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Fundamentals -
Manappuram Finance Limited is a retail credit product and financial services provider in India, primarily through its gold loan business.

1) According to the company's financial snapshot, the Price to Earnings Ratio and EV to EBITDA ratios indicate that the company is undervalued.
2) The Debt-to-Equity ratio has decreased, and the book value has increased. The company has seen a steady increase in total assets for the last three years, along with a good return on equity and a good net margin.
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This is just a view, please trade at your own risk.
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