Weekly View on

MANAPPURAM

Market Performance (Weekly) This week,

Manappuram Finance Ltd. closed at ₹266.00, showing resilience after recent volatility. The stock has been in a consolidation phase post a strong rally, forming a base near the ₹250 support zone. Price action indicates healthy accumulation by investors, with technical indicators supporting a medium-term bullish undertone. Technical Analysis Trend: The stock is trading above 20, 50, and 100 EMA, confirming a strong uptrend in the medium term. However, in the short term, it faces resistance around ₹275–285. Support & Resistance: Strong Support: ₹250 – ₹245 Major Resistance: ₹275 – ₹285; beyond this, ₹300 levels open up Indicators: RSI (14): 60 → showing neutral-to-bullish momentum, no signs of overbought yet. MACD: Positive crossover, but histogram flattening, hinting at slower momentum. Parabolic SAR: Below price → still supports the uptrend. Overall, technical setup suggests buy-on-dip strategy remains favorable as long as the stock sustains above ₹250. Upcoming Events & Potential Impact Q2 FY26 Results (Upcoming): Key focus on AUM growth, NIMs, and NPAs. A positive result could trigger a breakout above ₹285. RBI Monetary Policy (Next Review): Any regulatory update on NBFCs or gold loans will directly impact the stock. Gold Price Movements: Stable/rising gold supports growth. A sharp correction in gold prices could negatively affect borrowing trends. Investment Outlook Short Term (1–2 months): Likely range: ₹250 – ₹285 Breakout above ₹285 → upside towards ₹300+ Medium to Long Term (6–12 months): Positive bias, supported by sector growth, strong fundamentals, and rural demand. Possible levels: ₹320–340, if gold prices remain favorable and results are strong.