Manappuram Finance share price: The stock surged 7.88 per cent to hit a 52-week high of Rs 162.30 over its previous close of Rs 150.45. Turnover on the counter stood at Rs 20.14 crore, commanding a market capitalisation (m-cap) of Rs 13,593.74 crore.
Manappuram Finance share price: The stock surged 10 per cent to hit a day high of Rs 154.65. At this price, the scrip was just 1.21 per cent away from its one-year high of Rs 156.55, a level seen on September 4 this year. The counter has gained 52.89 per cent from its 52-week low of Rs 101.15, hit on February 27, 2023.
Manappuram Finance share price: The two-day upward move came on the back of a rise in the March 2023 quarter profit. The Thrissur, Kerala-based company reported a 58 per cent jump in Q4 FY23, helped by a boost in gold loan and micro-finance businesses.
Manappuram Finance said the ED action has nothing to do with it and has no impact on financial operations of the NBFC. There are no governance issues in the company and that there are no related-party transactions, it said.
Manappuram Finance share price: BSE sought clarification from the company on the share price movement. The company, in response, said, "There is not any material information other than stated above in the possession of the company which might be cause of increase in volume of the security of the company."