Buy Manappuram Finance, target Rs 120: Rakesh Bansal
Rakesh Bansal of R K Global has a buy call on Manappuram Finance with a target price of Rs 120.
The stock price has demonstrated breakout from right angle triangular chart pattern. This breakout is technically considered a bullish breakout.
The current market price of Manappuram Finance is Rs 112.45.
Time period given by the analyst is 'Intra Day' when Manappuram Finance price can reach defined target.
Rakesh Bansal recommended keeping a stop loss at Rs 107.80.
Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9,474.31 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.Gautam Narayan, Mr.Jagdish Capoor, Mr.P Manomohanan, Mr.V P Nandakumar, Mr.V R Rajiven, Mr.V R Ramachandran.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 31-12-2017, the company has a total of 841,962,470 shares outstanding.
The stock price has demonstrated breakout from right angle triangular chart pattern. This breakout is technically considered a bullish breakout.
The current market price of Manappuram Finance is Rs 112.45.
Time period given by the analyst is 'Intra Day' when Manappuram Finance price can reach defined target.
Rakesh Bansal recommended keeping a stop loss at Rs 107.80.
Manappuram Finance, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9,474.31 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.Gautam Narayan, Mr.Jagdish Capoor, Mr.P Manomohanan, Mr.V P Nandakumar, Mr.V R Rajiven, Mr.V R Ramachandran.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 31-12-2017, the company has a total of 841,962,470 shares outstanding.