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Manappuram Finance Q4 Results Review: IDBI Capital Downgrades The Stock To 'Hold', Cuts Target Price
IDBI Capital downgrades Manappuram to ‘Hold’ rating with a target price of Rs 240, valuing it at 1.2x price/book value FY27E.
12 May 2025, 10:16 AM IST 
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Manappuram Finance Ltd.’s gold loan portfolio grew by 19% YoY (vs 18% YoY Q3 FY25) backed by higher gold prices.
(Photo Source: NDTV Profit)
Manappuram's MFI portfolio has been impacted with respect to asset quality and loan growth due to RBI ban. However, RBI ban has been lifted which should support loan growth but collection efficiency remains a key concern with respect to asset quality issues for MFI portfolio.
