Manappuram Finance LtdManappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc.
Take position for swing as well as long term ( BUY)
Target and stop loss are mentioned in the chart
Market Cap
₹ 10,758 Cr.
Current Price
₹ 127
High / Low
₹ 133 / 81.5
Stock P/E
8.01
Book Value
₹ 106
Dividend Yield
2.36 %
ROCE
11.9 %
ROE
16.9 %
Face Value
₹ 2.00
Promoter holding
35.2 %
EPS last year
₹ 15.7
EPS latest quarter
₹ 4.63
Debt
₹ 27,460 Cr.
Pledged percentage
0.00 %
Net CF
₹ -177 Cr.
Price to Cash Flow
-25.4
Free Cash Flow
₹ -585 Cr.
Debt to equity
3.07
OPM last year
64.8 %
OPM 5Year
68.4 %
Reserves
₹ 8,788 Cr.
Price to book value
1.20
Int Coverage
1.87
PEG Ratio
0.67
MANAPPURAM trade ideas
Investment_ Manappuram FinanceNamaste!
Manappuram Finance is in the same type of business as Muthoot Finance. Both the stocks have corrected >40% from all time highs. I think it is a good time to invest in Manappuram Finance considering following questions:-
Q: What is the good price to accumulate this stock?
A: Don’t invest more than 05-10% of your portfolio in this stock. Rs 95-97 is a good price to accumulate this stock.
Q. What are the strengths in this stock?
A:
1. It has a weekly trendline support at near Rs 95-96 levels.
2. It will be available at 6 P/E which looks attractive as it is below 10 and 6 P/E is a kind of very good support because every time it does bounce-up from 6 P/E (Jan 2009, Sep 2015, Apr 2020, Etc).
3. It’s in the business of gold loan which is kind of stable because it offers a secured loan by taking the gold as collateral. Gold is liquid and could be sold if the borrower doesn’t pay-back. It’s safer and more liquid than properties (mortgage) loans provided by other banks/NBFCs. Gold prices sometimes move in cycles, which affects the company's short term risk though.
4. It has a current dividend yield of 2.59%.
5. Most of the time fundamentals “confuse me” so I don’t dig deep into it. I do not value any company after reading the annual report, balance sheet, blah-blah-blah. I pay attention to EPS, P/E, Correction in stock prices (trendline support), rarely Debt to equity that’s it. I don’t advise this to anyone because it may prove risky for a naïve or sometimes even a seasoned investor. I know and understand some of the key figures in the books of accounts but don’t dig deep into it. We can not predict the future of the company and/or know what’s happening inside the company. What we can do is DIVERSIFY, and have a contrarian approach with caution and margin of safety.
Q. What changed my mind to invest now rather than wait for a big correction to buy at a cheaper rate, considering my opinion of an overvalued market, strength of the economy and rising interest rates?
A: I posted many articles based on my understanding saying “is the market getting ready for a free-fall; …correction of more than 30% from all time highs, etc".
I posted those to caution people and gave them opinions to get ready for a panic or downfall in the stock markets.
It's always better to get ready for various scenarios early and make plans for them, which will guide us throughout the "fear and greed cycle of the markets".
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment and/or trading in the market does not guarantee a fixed return and may result in a financial loss. Please do your own analysis and/or consult your financial advisor before investing and/or trading.
MANAPPURAM Looks good for SWING NSE:MANAPPURAM IPS Levels for 1:3
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
MANAPPURAMNSE:MANAPPURAM
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
MANAPPURAMwe are looking MANAPPURAM bullish move.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
Swing Buy Opportunity in Manappuram Refer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Manappuram Finance breakdown analysisManappuram Finance is trading in down trend now a days and looks like it is going to test Rs 82 level soon. We should watch the defined level on charts where you will get a brief idea about trading idea on this counter. Important levels to watch before trade:
Sell Below : Rs 100 only on closing basis
1st Target : Rs 90
2nd Target : Rs 82
Strict Stop loss : Rs 107