BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We recently interacted with the management of Manappuram Finance Ltd.
During Q2 FY21, the company reported strong growth in gold asset under management, at 30.1% YoY, driven by higher gold prices and strong demand.
We remain optimistic about the gold loan growth in FY21E while the non-gold segment could pose some challenge to overall/consolidated growth.
With a slow pick-up in non-gold disbursements due to the management’s cautious stance, the share of non-gold business is expected to decline in the near term.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.