Manappuram Finance shares drop 3% even as Q2 net profit soars 3x to Rs 701 crore. Why did Jefferies cut target price?

Manappuram Finance shares fell 3% despite reporting a more than threefold jump in Q2 net profit. Jefferies retained its Buy rating but cut the target price to Rs 400, citing growth opportunities, improving margins and potential recovery in return ratios.

Top-Platforms.com provides general market-related information, platform overviews, and educational content for informational purposes only. Nothing published on this website should be understood as investment advice, financial advice, or a direct recommendation to buy, sell, trade, or invest in any financial product.

Top-Platforms.com is not a broker, financial advisor, or investment firm, and does not provide brokerage services. Any decision to trade or invest is made at the user’s own discretion and risk. Financial markets involve risk, including the possible loss of capital, and users should carefully evaluate their personal situation before making any financial decision.

Information, prices, rankings, comparisons, and market data shown on this website may be delayed, incomplete, or subject to change without notice. Past performance, market trends, or platform features do not guarantee future results.

Top-Platforms.com may receive compensation from third-party advertisers, partners, or platforms displayed on this website. This compensation may influence how and where certain brands appear, but it does not constitute a financial recommendation.

This website and its content are not intended for residents of the United States, Canada, Australia, United Kingdom, Russia, North Korea, China, Japan, Hong Kong, Singapore, or Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003