Manappuram Finance shares update for today

Manappuram Finance shares fell sharply today, dropping over 6% intraday to around ₹313 amid weakness in gold prices and broader market declines. Despite short-term pressure, analysts maintain a cautiously positive long-term outlook following strong Q1 FY27 results. 📉 Market Update (as of 28 Sep 2026) Metric Latest Data Change Share Price (BSE) ₹313.15 ▼ 6.24 % Share Price (NSE) ₹314.95 ▼ 5.70 % Volume (NSE) 7 million shares High trading activity 52‑Week Range ₹245.10 – ₹381.40 Moderate volatility Market Sentiment Bearish (short‑term) Triggered by gold price drop Gold prices fell over 2 % globally due to expectations of higher U.S. interest rates, directly impacting Manappuram’s gold‑loan portfolio and investor sentiment. 🏦 Company Highlights Q1 FY27 Performance: Net Profit: ₹585 crore (↑ 341 % YoY) Total Income: ₹3,040 crore (↑ 34 % YoY) Assets Under Management (AUM): ₹69,635 crore (↑ 57 % YoY) Gold‑Loan AUM: ₹57,006 crore (↑ 98 % YoY) Branch Expansion: Management plans to open 500 new branches in FY27 to capture rural lending growth. Leadership Transition: Ashish Singh appointed as MD & CEO, effective 1 Jan 2027, succeeding promoter V. P. Nandakumar. This marks a shift to professional management following Bain Capital’s ₹4,385 crore investment for an 18 % stake. ⚙️ Strategic Developments Diversification: Expanding beyond gold loans into microfinance via subsidiary Asirvad Microfinance, aiming to reduce product concentration risk. Asset Quality: Stable credit costs and benign NPAs reported; brokerages expect 25–30 % gold‑loan growth in FY27. Recent Resignations: Two senior executives—Digbijay Bandyopadhyay (Commercial Vehicle Finance) and Ajay Shelke (Two‑Wheeler Finance)—resigned mid‑September 2026 for personal reasons.