Manappuram Finance stock falls 3.5% after Q2 results

Manappuram Finance fell about 3.5% on 13 November 2026 after its Q2 results, and the daily chart shows the stock inside a Rs 303.65 to Rs 335.10 range. Manappuram Finance Limited [ MANAPPURAM ] is trading near Rs 308.60 on 13 November 2026, down 3.55%, a day after it reported Q2 FY27 consolidated net profit of Rs 701 crore against Rs 217.31 crore a year ago. Reports point to higher delinquency in shorter-tenure schemes. The daily chart shows the stock inside a range of Rs 303.65 to Rs 335.10. The stock recovered nearly 20% from the 26 October low near Rs 270, but it stayed below the Rs 330 swing high. So the lower-high and lower-low structure remains intact. Today’s high was Rs 327, and the price slipped below the 100-day EMA at Rs 319.68. Volume is 20.08 million shares, well above recent sessions. RSI is 46.90, below its average of 48.49. What next: Rs 303.65, the lower end of the range, is the immediate support. A close below it may open a move towards Rs 270, the major support. On the upside, the 100-day EMA and the Rs 330 swing high come first, and a close above Rs 335.10 may change the structure. Conclusion: The trend stays weak until price closes above Rs 335.10. Disclaimer: I do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.