📊 Manappuram Finance – Steady Recovery in Sight

Price closed at ₹266 (+3.95%) with improving volumes and momentum. RSI back above 54 signals renewed buying interest. 🔹 Fundamentals: Strong gold loan franchise with healthy capital (CRAR ~31%) FY25 PAT ~₹1,204 Cr; Q1 FY26 impacted by higher microfinance provisions Debt-to-Equity ~2.3×; Dividend yield ~1.6% 🔹 Analyst View: Jefferies, CLSA positive post Bain Capital’s stake plan Average 12M target ~₹260–₹275; upside possible if microfinance stress eases 🎯 Short-Term Levels: Support: ₹259 Target 1: ₹276 Target 2: ₹285 Stop-Loss: ₹254 💡 View: Positive bias above ₹259; watch for breakout over ₹276 for further upside.