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Manappuram Finance falls 4% post-Q2 results; CLSA upgrades stock

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Manappuram Finance falls 4% post-Q2 results; CLSA upgrades stock
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Market & Financial Impact: CLSA has upgraded the stock to 'outperform' from its earlier rating of 'hold' and has raised its target price on the stock to Rs 370 per share from Rs 350 earlier
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Gold loan financier Manappuram Finance Ltd's shares fell 4% on November 13 after it reported a more than three-fold year-on-year increase in its consolidated profit after tax (PAT) to Rs 701 crore for the September quarter of FY27.

The company had posted a PAT of Rs 217.31 crore in the corresponding quarter of the previous fiscal. On a sequential basis, net profit rose 20% from Rs 585 crore in the June quarter.

Total income increased to Rs 3,312 crore in the second quarter of FY27, compared to Rs 2,275 crore in the year-ago period, the company said in a regulatory filing.

The company's total assets under management (AUM) stood at Rs 73,303 crore as of September 2026, registering a year-on-year growth of 60%.

At 11:45 am on November 13, Manappuram shares were trading 4.1% lower at Rs 306.7 apiece.

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Official Publisher Attribution: This report is aggregated from Moneycontrol. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Moneycontrol ↗
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