"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.
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.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.