Manappuram Finance Value Buy, Big cup pattern.
Manappuram Finance recently got tumbled due to RBI ban on its microfinance arm ashirwad finance.
But promoter of company has bought stock at 170 before it got happened, PE 6, PB of 1.2. Company is taking necessary precautions to lift ban of RBI.
They are pioneer of good loans in INDIA.
Currently this stock offers good margin of safety. The company has ROA of above 4% , however they are taking necessary actions to reduce NPA levels.
But promoter of company has bought stock at 170 before it got happened, PE 6, PB of 1.2. Company is taking necessary precautions to lift ban of RBI.
They are pioneer of good loans in INDIA.
Currently this stock offers good margin of safety. The company has ROA of above 4% , however they are taking necessary actions to reduce NPA levels.
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