MANAPPURAM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | MANAPPURAM | Market Cap | 24,915 Cr. | Current Price | 294 ₹ | High / Low | 322 ₹ |
| Stock P/E | 15.9 | Book Value | 147 ₹ | Dividend Yield | 1.19 % | ROCE | 13.1 % |
| ROE | 16.0 % | Face Value | 2.00 ₹ | DMA 50 | 278 ₹ | DMA 200 | 273 ₹ |
| Chg in FII Hold | -5.55 % | Chg in DII Hold | 1.81 % | PAT Qtr | 381 Cr. | PAT Prev Qtr | 376 Cr. |
| RSI | 64.8 | MACD | 7.11 | Volume | 38,19,443 | Avg Vol 1Wk | 39,39,907 |
| Low price | 224 ₹ | High price | 322 ₹ | PEG Ratio | 1.49 | Debt to equity | 2.51 |
| 52w Index | 72.2 % | Qtr Profit Var | -15.9 % | EPS | 18.5 ₹ | Industry PE | 18.2 |
📊 Manappuram Finance (MANAPPURAM) is trading above both its 50 DMA (₹278) and 200 DMA (₹273), confirming strong short-term and medium-term support. RSI at 64.8 reflects bullish momentum, while MACD (7.11) signals positive divergence. Bollinger Bands show price near the upper range, suggesting potential resistance. Current volume (38.2 lakh) is in line with the 1-week average (39.4 lakh), indicating steady participation.
💡 Optimal Entry: ₹285–₹295 (near DMA support)
🚪 Exit if Holding: Profit-taking zone around ₹315–₹320; Stop-loss below ₹280
📈 Trend Status: Trending upward with bullish momentum
✅ Positive
- Trading above both 50 DMA and 200 DMA
- EPS at ₹18.5 supports earnings visibility
- DII holdings increased (+1.81%)
- Strong ROE (16.0%) and ROCE (13.1%)
- Dividend yield of 1.19% adds investor appeal
⚠️ Limitation
- FII holdings declined significantly (-5.55%)
- Quarterly profit variation negative (-15.9%)
- High debt-to-equity ratio (2.51)
- Valuation slightly stretched compared to industry PE (15.9 vs 18.2)
📉 Company Negative News
- Sequential profit decline despite stable PAT levels
- Reduced foreign institutional participation
📈 Company Positive News
- EPS stability supports long-term earnings visibility
- DII inflows indicate domestic investor confidence
🏭 Industry
- NBFC sector average PE at 18.2, Manappuram trades slightly below (15.9)
- Sector outlook stable but sensitive to credit cycles
🔎 Conclusion
Manappuram Finance is trending upward with bullish momentum, supported by strong technical positioning above key moving averages. Entry near ₹285–₹295 offers a favorable risk-reward setup, while exits around ₹315–₹320 are advisable. Fundamentals remain stable, but high leverage and declining FII interest warrant cautious positioning for medium-term investors.