Morgan Stanley has maintained its equal-weight rating on Manappuram Finance, setting a target price of ₹170, indicating a potential 7% upside from the current market price of ₹158.70. The brokerage has adjusted its earnings estimates, trimming FY26-27 EPS by 1-2% due to expectations of lower loan growth, while raising FY25 EPS by 7% following a Q2 FY25 beat.
Morgan Stanley noted that while Manappuram’s valuation remains attractive, investor interest may take time to recover, especially in light of the recent RBI ban on its microfinance subsidiary. The brokerage remains cautiously optimistic, acknowledging potential growth challenges.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
