MANAPPURAM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | MANAPPURAM | Market Cap | 22,863 Cr. | Current Price | 270 ₹ | High / Low | 322 ₹ |
| Stock P/E | 14.6 | Book Value | 147 ₹ | Dividend Yield | 1.30 % | ROCE | 13.1 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 284 ₹ | DMA 200 | 274 ₹ |
| Chg in FII Hold | -1.38 % | Chg in DII Hold | 1.98 % | PAT Qtr | 381 Cr. | PAT Prev Qtr | 376 Cr. |
| RSI | 44.9 | MACD | -10.7 | Volume | 87,42,027 | Avg Vol 1Wk | 68,09,579 |
| Low price | 211 ₹ | High price | 322 ₹ | PEG Ratio | 1.37 | Debt to equity | 2.51 |
| 52w Index | 53.6 % | Qtr Profit Var | -15.9 % | EPS | 18.5 ₹ | Industry PE | 17.2 |
📊 Chart & Trend: Manappuram trades at ₹270, below both its 50 DMA (₹284) and 200 DMA (₹274). This indicates short-term and medium-term weakness, with the stock struggling to regain upward momentum.
📉 Momentum Indicators: RSI at 44.9 shows neutral momentum, leaning toward bearish. MACD at -10.7 confirms downward pressure. Bollinger Bands suggest price is near the lower band, with support around ₹265–₹270.
📈 Volume Trends: Current volume (87.4 lakh) is higher than the 1-week average (68.0 lakh), indicating increased activity, likely driven by selling pressure.
🔑 Entry Zone: ₹265–₹270 (near support and oversold levels).
🚪 Exit Zone: ₹280–₹290 (near resistance and 50 DMA).
📌 Trend Status: The stock is in consolidation with bearish bias, showing weakness across moving averages but potential support emerging near ₹265.
Positive
- EPS at ₹18.5 indicates steady earnings.
- Dividend yield at 1.30% provides income stability.
- PEG ratio at 1.37 suggests fair valuation relative to growth.
- DII holdings increased (+1.98%), showing strong domestic institutional support.
- Sequential PAT growth (₹376 Cr → ₹381 Cr) highlights earnings stability.
Limitation
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
- ROCE (13.1%) and ROE (16.0%) show modest efficiency.
- Debt-to-equity ratio at 2.51 indicates high leverage.
- 52-week index at 53.6% shows moderate underperformance.
Company Negative News
- FII holdings decreased (-1.38%), showing reduced foreign investor confidence.
- Quarterly profit variation (-15.9%) indicates declining profitability momentum.
Company Positive News
- DII stake increased significantly, reflecting strong domestic institutional confidence.
- EPS and dividend yield provide valuation and income support.
Industry
- NBFC sector PE at 17.2, slightly higher than Manappuram’s valuation of 14.6, suggesting relative undervaluation.
- Sector rotation remains cautious, with focus on credit quality and leverage management.
Conclusion
⚖️ Manappuram is consolidating with bearish short-term signals, trading below key averages. Entry near ₹265–₹270 offers margin of safety, while exits around ₹280–₹290 provide profit-taking opportunities. Despite weak technicals and reduced FII support, strong DII confidence, dividend yield, and fair valuation relative to peers support long-term resilience.
Would you like me to extend this into a peer benchmarking overlay with Muthoot Finance, Bajaj Finance, and Shriram Finance to highlight Manappuram’s relative strength within the NBFC sector?