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Last Updated : Apr 17, 2018 10:25 AM IST | Source: Moneycontrol.com

Avoid Manappuram Finance: Akash Jain

"We would avoid Manappuram Finance as we believe it is expensive and does not provide us the visibility of an upside," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.

 
 
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Akash Jain

We would avoid Manappuram Finance as we believe it is expensive and does not provide us the visibility of an upside. In Q3FY18, the company reported weak set of numbers with muted AUM growth of just 0.7 percent although it has a much superior asset quality compared to its peer Muthoot Finance which we believe is factored in the current market price.

Disclaimer: The author is Vice-president, Equity Research at Ajcon Global Services. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Apr 17, 2018 10:25 am
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