Manappuram Finance Ltd. Share Price

GOLD FINANCE STOCKS RALLY UP TO 3 PERCENT

MUTHOOTFIN Shares of gold financing companies climbed by up to 3 percent on Monday, November 9, as gold prices rebounded in both domestic and international markets. On the National Stock Exchange, Muthoot Finance shares surged 3 percent. Manappuram Finance gained 0.45 percent to trade, while IIFL Finance shares advanced nearly 0.4 percent. In the domestic futures market, gold prices jumped Rs 1,801, or 1.26 percent, per 10 grams on the Multi Commodity Exchange for December delivery. The contract recorded a trading turnover of 1,007 lots. Globally, gold prices advanced as declining crude oil prices eased inflation concerns. Investors also remained focused on upcoming US inflation data and fresh indications from the Federal Reserve regarding its monetary policy outlook. Oil prices declined after US President Donald Trump indicated that he was highly unlikely to order further attacks on Iran, amid ongoing negotiations to end the conflict. The development eased concerns about potential disruptions to global oil supplies. Lower crude oil prices can help reduce inflationary pressures and ease expectations of interest rates remaining higher for an extended period. This, in turn, reduces the opportunity cost of holding non-yielding assets such as gold, making the precious metal more attractive to investors. Additionally, a weaker US dollar supported gold prices by making the dollar-denominated metal more affordable for buyers holding other currencies.

Muthoot Finance, Manappuram Shares Rise Up to 3%

MUTHOOTFIN Shares of gold loan financiers surged on Monday as gold prices rebounded in both domestic and global markets. Muthoot Finance jumped 3% to Rs 2,938.50 on the NSE, while Manappuram Finance gained 0.45% to Rs 324.40. IIFL Finance also edged up nearly 0.4%.On the Multi Commodity Exchange, gold futures for December delivery climbed Rs 1,801, or 1.26%, to Rs 1,44,353 per 10 grams, with turnover of 1,007 lots. Analysts linked the rise to fresh buying amid firm spot ***** gold futures advanced 1.43% to $4,128.83 per ounce in New York. The rally was driven by softer oil prices, which eased inflation concerns after US President Donald Trump indicated he was unlikely to order further attacks on Iran amid ongoing negotiations. Lower oil prices reduced expectations of prolonged high interest rates, lowering the opportunity cost of holding gold.

🪙 MANAPPURAM FINANCE — The Gold Loan Growth Opportunity

MANAPPURAM Gold loans are driving the next growth phase, with management targeting 25–30% expansion in FY27. Manappuram Finance is one of India's established gold-loan NBFCs, with additional exposure to microfinance, vehicle finance, housing finance and MSME lending. Its biggest opportunity lies in expanding its gold-loan franchise while improving the performance of its non-gold lending businesses. 📊 Latest available performance — Q1 FY27 Gold loan AUM: Grew 12% QoQ Gold loans as share of total AUM: 82% New customers added: 3.2 lakh Total customer base: 26.5 lakh Gold loan yield: Approximately 18% Online gold loan book: 86% of total gold loan book Management is targeting 25–30% gold-loan growth in FY27 and plans to add approximately 500 branches. (Company update) 🚀 What could drive future growth? ✅ Rising demand for gold-backed credit ✅ Higher gold prices supporting collateral values ✅ Expansion through 500 additional branches ✅ Digital gold lending and customer acquisition ✅ Stronger focus on secured lending ⚠️ Key risks Vehicle finance remains under pressure, with GNPA rising to 13.3% in Q1 FY27. Microfinance asset quality requires monitoring. Competition from Muthoot, banks and other NBFCs is increasing. A correction in gold prices can affect collateral coverage. Rapid branch expansion brings operating costs and execution risks. 🎯 The takeaway Manappuram Finance offers exposure to India's expanding gold-loan market. Its growth strategy is increasingly focused on secured lending, digital distribution and branch expansion. The key monitorable is whether gold-loan growth can translate into sustainable profitability while the company controls stress in its non-gold portfolio. Gold is the collateral. Lending growth is the opportunity. Asset quality will determine the outcome.

GOLD FINANCE STOCKS RALLY UP TO 8 PERCENT

IIFL Shares of gold financing companies, including Muthoot Finance, Manappuram Finance and IIFL Finance, rallied up to 8% on November 4 after gold prices climbed more than 2%, supported by a weakening US dollar. The rally came amid changing political dynamics in the US following Democrats' gains in the Senate and House during the midterm elections. Investors are also awaiting the US non-farm payrolls data for further indications of the Federal Reserve's monetary policy direction. Gold prices gained momentum as both US Treasury yields and the dollar declined. Market participants believe that potential political gridlock between the US administration and Congress could restrict government spending and limit President Donald Trump's fiscal expansion plans. This shift in expectations has provided additional support to the precious metal. Meanwhile, geopolitical uncertainties continue to influence market sentiment. Iran and the United States remain far from reaching an agreement to end their conflict, a senior Iranian official told Reuters on Tuesday. US President Donald Trump also declined to rule out the possibility of resuming military operations following the elections. However, gold has experienced significant volatility in recent months. The precious metal declined nearly 7% in October, falling below the $4,000-per-ounce mark towards the end of the month. The correction was partly driven by investors selling gold holdings to cover losses in other assets amid a broader retreat from artificial intelligence-related investments. Gold has also fallen by more than a fifth since the US-Iran conflict erupted in late February, as rising inflationary pressures fuelled expectations of tighter monetary policy. Nevertheless, the latest recovery in gold prices has renewed buying interest in gold financing stocks, putting companies such as Muthoot Finance, Manappuram Finance and IIFL Finance in focus.

GOLD CRASHES TO A ONE-YEAR !..READ BELOW TO KNOW REASON

WHICH INDIAN STOCKS COULD BE AFFECTED? Gold, traditionally considered a safe-haven asset, witnessed heavy selling on October 30, catching investors off guard. But this time, even geopolitical tensions failed to support bullion prices. The correction is important not just for gold investors, but also for India's jewellery industry and gold-loan companies. 1. HOW BIG WAS THE FALL? The October 30 selloff was significant: MCX Gold: Fell ₹4,206 to ₹1,36,762 per 10 grams, down approximately 2.98%. International Spot Gold: Dropped as much as 3.05% to around $3,898.54 per ounce — its lowest level in a year. MCX Silver: Crashed ₹9,976 to ₹1,79,477 per kg, down approximately 5.27%. Gold also recorded a monthly decline in October, extending its correction. --->WHY DID GOLD CRASH SO SHARPLY? A. US inflation concerns and higher interest-rate expectations B. Rising crude oil prices C. Strong selling in global technology stocks --->WHICH INDIAN STOCKS COULD BE AFFECTED? MUTHOOTFIN MANAPPURAM TITAN KALYANKJIL SENCO GOLD AB CAPITAL -->Gold-loan companies — A potential negative trigger --->THE BOTTOM LINE The latest gold crash is not simply a case of investors losing interest in precious metals. It reflects a combination of inflation worries, tighter monetary-policy expectations, global equity-market liquidation and technical selling.

Gold की चमक से Gold Loan Stocks में फिर तेजी

आज Gold Loan NBFCs में एक बार फिर investor interest देखने को मिल रहा है। MUTHOOTFIN Muthoot Finance और Manappuram Finance जैसे stocks पर नजर इसलिए बढ़ी है क्योंकि ऊंची gold prices के बीच household gold को loan के लिए monetise करने का trend मजबूत हो रहा है। Gold की कीमत बढ़ने का सीधा फायदा gold-loan business को मिल सकता है। जब pledged gold का मूल्य बढ़ता है, तो borrowers की borrowing capacity भी बढ़ सकती है। इसी वजह से gold-backed lending companies के लिए higher gold prices एक महत्वपूर्ण growth trigger बन जाते हैं। Muthoot Finance का core business gold loans है और कंपनी का standalone gold-loan AUM मजबूत गति से बढ़ा है। कंपनी ने FY26 में gold-loan growth guidance को 15% से बढ़ाकर 30–35% किया था, जिसमें higher gold prices और gold-loan demand को प्रमुख factors बताया गया था। वहीं Manappuram Finance में भी gold-loan business तेजी से expand हुआ है। कंपनी के Q1 FY27 में gold-loan AUM में लगभग 86% YoY growth दर्ज की गई थी और management का focus gold lending को मजबूत करने पर है। एक और बड़ा factor है Gold Monetisation. Jefferies के अनुसार भारतीय households के पास मौजूद विशाल gold stock का अभी भी एक छोटा हिस्सा formal lending system के जरिए monetise हुआ है। अगर आने वाले वर्षों में household gold का ज्यादा हिस्सा loans के लिए इस्तेमाल होता है, तो gold-financing companies के लिए बड़ा addressable opportunity बन सकता है। हालांकि investors को सिर्फ gold price देखकर इन stocks में तेजी को sustainable नहीं मानना चाहिए। Competition, lending rates, NIM, credit cost, RBI regulations और gold prices की volatility आगे earnings और valuation पर असर डाल सकते हैं।