Manappuram Finance shares in focus
Manappuram Finance shares tank 15% to 11-month low on RBI action against subsidiary Asirvad Micro, multiple downgrades
RBI’s ban on Asirvad Micro Finance for high pricing has triggered downgrades for Manappuram Finance, causing a 15% drop in shares. Jefferies has lowered its target price to ₹167. Morgan Stanley has also cut its target price to ₹170.
Manappuram Finance's stock tumbles 14% on RBI action against subsidiary
According to the report, Asirvad contributes around 27 per cent to the consolidated assets under management (AUM) of Manappuram Finance
Manappuram Finance Shares Burn; Decline By Over 12% After RBI Ban On Loan Disbursal On Asirvad Micro Finance
Manappuram Finance is one of the biggest names in the NBFC sector, and this development at the equity markets came to pass after the Reserve Bank of India (RBI) placed a ban on a tranche of 4 NBFCs, including Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Navi Finserv from disbursing loans from October 21.
Manappuram Finance shares crash 10% as RBI whips subsidiary Asirvad Microfinance
On October 17, the Reserve Bank of India took action against four NBFCs and NBFC-MFI citing material supervisory concerns, including Asirvad Microfinance.
Manappuram Finance shares fall 15% post RBI action on Asirvad, multiple downgrades
Although brokerages do not see significant downside in shares of Manappuram Finance due to cheaper valuations, they believe investor interest may take a while to return.
Manappuram Finance Gets Multiple Downgrades As RBI Bars Unit's Lending Operations
The RBI has asked Manappuram Finance's subsidiary Asirvad Micro Finance to 'cease and desist' sanction and disbursal of loans.
Manappuram Finance Share Price: RBI Crackdown On Arm Asirvad Microfinance Triggers Sharp Fall In Stock
The Reserve Bank of Indias (RBI) recent crackdown on Asirvad Microfinance, a subsidiary of Manappuram Finance, has sent shockwaves through the market, leading to multiple downgrades from brokerages. On October 17,
Manappuram Finance shares tumble 18% as RBI takes action on subsidiary, Asirvad Microfinance
Manappuram Finance shares tumbled 18% to an intra-day low of Rs 145.42 after the Reserve Bank of India cracked the whip on the subsidiary, Asirvad Microfinance.
Manappuram Fin share price tanks 15% as RBI bans loan disbursement by arm
Manappuram Finance share price tanked 15 per cent to Rs 150.80, hitting an 11-month low on the BSE after the RBI put restrictions on Asirvad Micro Finance
Manappuram Finance shares in focus after RBI restrictions, multiple downgrades
Shares of Manappuram Finance are under scrutiny following the Reserve Bank of India's recent restrictions on the company, among three other NBFCs, due to serious supervisory concerns. As a result, the stock has faced multiple rating downgrades and target price cuts from brokerage firms.
Why did Manappuram Finance shares crash?
Manappuram Finance’s shares fell sharply on October 17, dropping as much as 15% to Rs 150.73 in morning trading after the ...
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Manappuram faces downgrades after RBI curbs on arm
On Thursday, the RBI imposed business restrictions on four NBFCs — Asirvad Microfinance, Arohan Financial Services, DMI ...
Why Manappuram Finance shares bled 17% today; what's next?
Manappuram Finance shares fell 16.85 per cent to hit a low o Rs 147.50 on BSE. The RBI decision to ban the lending operations ...
Hot stocks: Brokerage view on Axis Bank, Manappuram Finance, Havells India and Wipro
Nomura recommends buying Axis Bank with a target of Rs 1,380; Morgan Stanley downgrades Manappuram Finance to equal-weight ...
India cenbank bars four micro lenders from issuing loans for breaching norms
India's central bank barred four microfinance companies, which disburse small loans to lower-income borrowers, from ...