As the market fluctuates, Manappuram Finance Limited (MANAPPURAM) has recently experienced significant changes in its share price. As of October 18, 2024, the Manappuram share price is currently at ₹154.40, reflecting a decrease of ₹22.93 or 12.93% from its previous close of ₹177.33. This article will analyze the recent fluctuations in Manappuram’s share price and provide insights on whether to buy, hold, or sell.
Manappuram Share Price in Today’s Market
Today, the Manappuram share price opened at ₹159.59, reaching a high of ₹159.59 and a low of ₹145.42 during the trading session. The trading volume has been substantial, with over 48.38 million shares exchanged, indicating strong investor activity despite the sharp decline in price. The market capitalization currently stands at approximately ₹13,137 crore, underscoring Manappuram’s significant presence in the non-banking financial company (NBFC) sector.
Manappuram Share Financial Overview
From a financial perspective, Manappuram displays several noteworthy metrics. The company has a P/E ratio of 7.33, suggesting it is undervalued compared to its earnings potential. With no debt on its balance sheet and a solid promoter holding of 35.24%, the company maintains a stable financial position. The latest earnings report indicates an EPS (earnings per share) of ₹20.29, alongside a robust profit growth rate of 21.08% year-over-year.
Manappuram Share Pros & Cons
When considering an investment in Manappuram, it’s essential to evaluate both the advantages and disadvantages:
→ Pros: Low P/E ratio indicates potential for value appreciation
→ Pros: Strong profit growth at 21.08%, showcasing effective management
→ Pros: Healthy dividend yield of 1.86%, providing income to investors
→ Cons: Significant decline in share price may raise concerns among investors
→ Cons: High beta of 1.59 indicates increased volatility compared to the market
→ Cons: Recent trading volume suggests uncertainty among investors
Indiahood Recommendation on Manappuram Share: Buy or Sell?
Given the current market conditions and Manappuram’s financial health, our recommendation is to hold shares for now. While the company’s fundamentals are strong, the recent sharp decline in share price warrants caution before making new investments.
Others’ Recommendations on Manappuram Share: Buy or Sell?
Market analysts have mixed opinions regarding Manappuram shares. Some experts recommend holding due to the company’s solid growth trajectory and attractive valuation metrics, while others advise caution given recent volatility and price declines. Overall sentiment leans towards holding as investors await clearer signals from market trends.
Conclusion
In summary, while today’s significant drop in the Manappuram share price raises concerns, the company’s strong financial performance and growth potential provide a compelling case for holding onto shares rather than selling at this point.
Disclaimer
This article is intended for informational purposes only and should not be construed as financial advice. Investors should conduct their own research and consult with a financial advisor before making investment decisions regarding the Manappuram share price or any other securities.
