Manappuram Finance
By Sudarshan Sukhani
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Manappuram Finance with a target price of 36.70 as stated in its 18 February research report.
Sukhani told CNBC-TV18, " Manappuram Finance has come down to Rs 36 where it has strong support. It is not a day trade. However, as a positional trader at this strong support level I would be a buyer in it as quoted by moneycontrol.
Manappuram Finance, formerly known as Manappuram General Finance & Leasing, is an India-based Company, which provides general finance and leasing services. The Company operates as a non-banking finance company. It offers services including gold loans, vehicle finance, insurance, foreign exchange services, distribution of mutual funds and other financial products. The Company operates in three segments: asset finance, gold loan and other loans, and fee-based activities.
At present Heidelberg Cement is trading at 36.75. Its 52 week high value was 48.30 and its 52 week low value has been 18.70.