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The Latest Breaking News from Manappuram Finance

Manappuram Finance, Muthoot Finance, other gold financier stocks drop up to 3%. Here's why

Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal Reserve rate hikes pressured bullion, raising concerns over collateral values and loan demand for gold-backed lenders such as Manappuram Finance, Muthoot Finance and IIFL Finance.

The Economic Times

Market Trading Guide: Buy Manappuram Finance and Apollo Micro Systems on Thursday for gains up to 8%

Nifty sentiment is weak, consolidating between 23,400-23,800. The guide recommends buying Manappuram Finance (Target Rs 345) and Apollo Micro Systems (Target Rs 385) for near-term 8% gains. Both stocks showed strong bullish technical breakouts above resistance levels with volume support.

The Economic Times

Manappuram Finance, IIFL Finance, other stocks rally up to 11% as gold prices soar after import duty hike

Shares of gold financiers Manappuram Finance, Muthoot Finance and IIFL Finance rallied sharply after the government raised import duty on gold to 15%, triggering a surge in domestic gold prices. Higher gold prices improve collateral value for gold loans, potentially boosting lending demand and benefiting companies focused on gold-backed financing…

The Economic Times

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Jio Financial, ITC Hotels and Manappuram Finance among stocks bought and sold by mutual funds in April

Mutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Bank, SBI, and Sun Pharma. Key reductions were observed in Wipro, HDFC Bank, and Hindalco Industries across large, mid, and smallcap segments. This active portfolio management reflects ongoing strategic shifts by fund managers.

The Economic Times

Finance firm staff among seven held for 13 house robberies in Kakinada district of Andhra Pradesh

The Kakinada police have arrested seven members of a gang including the branch manager and the regional manager of Manappuram Finance company in connection with 13 house robbery cases reported in the Peddapuram division police limits in Kakinada district. The police have also recovered 471.4 grams of gold jewellery worth…

The Hindu

Branch manager, her friend among four held for gold theft in finance co. at Kankipadu

Police unravel mystery of gold theft in Manappuram Finance Co. branch; arrest branch manager, her friend & two others. Recovered 10 kg gold, cash, car & 8 cell phones. Inquiry underway to determine if other employees involved.

The Hindu

Enforcement Directorate search at Manappuram Finance highlights corporate governance challenges in India: Fitch Ratings

Fitch Ratings on May 10 said the recent search by the Enforcement Directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets such as India.

The Hindu

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Rajasthan: 23 kg gold, Rs 10 lakh robbed from Manappuram Finance in Udaipur

JAIPUR: Five bike-borne men robbed around 23 kg of gold and Rs 10 lakh cash at gunpoint from a finance company's branch in Rajasthan's Udaipur on Monday, police said. The incident happened at Manappuram Finance which provides gold loan services, in Sundarwas road, they said.

The Times of India

Gang nabbed for trying to loot finance firm’s office in Bengaluru

BENGALURU : A gang of three was arrested on charges of attempting to loot cash from the Ganapathinagar branch of Manappuram Finance near Peenya, north Bengaluru. Preliminary investigation revealed the same gang had made an unsuccessful attempt to steal cash from an ATM machine in April.

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