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Manappuram Finance jumps 33% in a week: Top 5 reasons

"This is yet another tax scandal," said Member of Parliament Margaret Hodge, chair of the parliamentary Public Accounts Committee, which scrutinises public expenditure and revenue-raising.

A Maruti Suzuki plant in Gurgaon. Photo: Reuters
A Maruti Suzuki plant in Gurgaon. Photo: Reuters
Shares in the gold finance firm Manappuram Finance have gained 33 per cent in the last five trading sessions since June 19, 2012. The stock traded 8 per cent higher at Rs 29.30 in a flat Mumbai market at 11 a.m. Tuesday.Here are the reasons for the outperformance in the stock.1) Private Equity firm Baring India has picked up 5.94 per cent stake in Manappuram Finance for an estimated Rs 136 crore. Baring India bought about 5 crore sha...
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