Manappuram Finance shares to give big upside after Q3 results, says brokerage2 min read . Updated: 06 Feb 2023, 02:03 PM IST
- Manappuram Finance (MGFL) reported 3% QoQ decline in gold loan AUM during October-December 2022 quarter
Manappuram Finance shares have been in base building mode for last six months but after the Q3 results for the current fiscal, Prabhudas Lilladher is highly bullish on the financial stock. Though, slowdown in gold loan took off shine from the financial company in third quarter of the financial year 2022-23. Brokerage believes that Manappuram Finance share price may soon come out of the base building mode and it may go up to ₹144 apiece levels in long term, delivering around 25 per cent return to its shareholders from current market price of around ₹115 per share.
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