MANAPPURAM long
Updated
MANAPPURAM has reached it's demand zone after bear rally.
We can see script rally by buyers
Also, company management has announced raising of 200 crores via secured redeemable non-convertible debentures which the market can see as a sign of management confidence in business growth.
One can take short term trade as per the idea with target ad SL and can also invest for long term holding. Please consult financial adviser for long term holding
Link - moneycontrol.com/news/business/manappuram-finance-to-take-up-raising-rs-200-cr-via-pvt-placement-2419501.html
We can see script rally by buyers
Also, company management has announced raising of 200 crores via secured redeemable non-convertible debentures which the market can see as a sign of management confidence in business growth.
One can take short term trade as per the idea with target ad SL and can also invest for long term holding. Please consult financial adviser for long term holding
Link - moneycontrol.com/news/business/manappuram-finance-to-take-up-raising-rs-200-cr-via-pvt-placement-2419501.html
Note
Target reached
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