Manappuram Finance shares drop 3% even as Q2 net profit soars 3x to Rs 701 crore. Why did Jefferies cut target price?
Manappuram Finance shares fell 3% despite reporting a more than threefold jump in Q2 net profit. Jefferies retained its Buy rating but cut the target price to Rs 400, citing growth opportunities, improving margins and potential recovery in return ratios.
Full story
Read the full story at The Economic Times (India) ↗
Continue reading this story on The Economic Times (India), the publisher that reported it.
AI tools
Written by AI from the article text. It can make mistakes; check the original story.
