Manappuram Finance looks technically weak

MANAPPURAM Manappuram Finance looks technically weak on the daily chart, closing at ₹308, down 3.73%, below its 21-, 50-, 100- and 200-day EMAs. Immediate support lies at ₹304–300; a sustained breakdown could expose ₹290–280, while ₹312–320 forms the immediate resistance zone, followed by ₹327–330. A sustained close above ₹320 would improve the near-term outlook. On the news front, results announced on 12 November 2026 showed Q2 FY27 consolidated net profit rising 222.9% YoY to ₹701 crore, with AUM up 60.1% to ₹73,303 crore, alongside a ₹1-per-share interim dividend. ***** Despite strong earnings, shares declined today, even as CLSA upgraded the stock to “outperform” and raised its target to ₹370.