Manappuram Finance Continues to Impress with Strong Growth and Positive Outlook

Manappuram Finance, a leading finance and non-banking financial company (NBFC) in the midcap industry, has been making headlines with its recent stock performance. Despite opening with a loss of -4.64% today, the stock has been given a 'Buy' call by MarketsMOJO.

The stock has been underperforming the sector by -1.41% today, but this is not a cause for concern as the company has been consistently growing and expanding its business. In fact, Manappuram Finance has been losing for the last 3 days, but has only fallen by -6.92% in that period, which is relatively low compared to its overall performance.

One notable event for the stock today is its open gap down, with a loss of -4.64%. However, the stock has touched an intraday low of Rs 197 (-6.17%), which is still within a reasonable range. Additionally, Manappuram Finance's moving averages are higher than its 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long term. However, it is currently lower than its 5 day and 20 day moving averages, which could be a temporary dip.

In terms of the sector, Finance/NBFC has fallen by -3.42%, which is not surprising given the current market conditions. But despite this, Manappuram Finance has outperformed the Sensex with a 1 day performance of -4.17% compared to Sensex's -2.91%, and a 1 month performance of -4.14% compared to Sensex's -1.71%.

Overall, Manappuram Finance's stock may have opened with a loss today, but its long term performance and growth potential make it a strong 'Buy' call by MarketsMOJO. With its consistent growth and positive outlook in the finance/NBFC industry, Manappuram Finance is definitely a company to watch out for.