Manappuram Finance's Stock Reaches 52-Week High, Receives 'Buy' Call from MarketsMOJO

Manappuram Finance, a leading finance and non-banking financial company (NBFC), has been making headlines in the stock market recently. On July 11, 2024, the company's stock price reached a 52-week high of Rs. 217.5, which is a significant milestone for the company.

MarketsMOJO, a renowned stock market analysis and research platform, has given a 'Buy' call for Manappuram Finance, further boosting investor confidence in the company. The stock has also outperformed the sector by 0.97% and has been on a consecutive gain for the last two days, with a 4.12% increase in returns.

Intraday trading saw the stock reach a high of Rs. 217.5, a 2.35% increase from the previous day. Manappuram Finance is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Manappuram Finance has shown a remarkable growth of 63.68%, outperforming the Sensex's performance of 21.78%. This is a testament to the company's strong financials and its ability to navigate through challenging market conditions.

Manappuram Finance's success can be attributed to its strong management team, diversified product portfolio, and focus on customer satisfaction. With its consistent growth and positive outlook, the company is poised to continue its upward trajectory in the finance and NBFC industry.

Investors can take advantage of this opportunity and consider adding Manappuram Finance to their portfolio. With its strong fundamentals and promising future, the company is a solid choice for long-term investment.