Mazhar Mohammad of Chartviewindia.in has a buy call on Manappuram Finance with a target price of Rs 134.

The current market price of Manappuram Finance is Rs 119.95.

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

Mazhar Mohammad recommended to keep a stop loss at Rs 116.

"After a major single day upmove witnessed on massive volumes some time back this counter to be in a consolidation mode for last two weeks and owing inherent strength present in the long and medium term trend this consolidation should eventually pavethe way for an upside breakout. In that scenation this counter shall target 134 levels. Hence, positional traders are advised to go long with a stop below 116 on closing basis for the target of 134," he said in a report.