SumanSpeaks: The Information Super Highway

This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities. The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.

Thursday, August 22, 2013

Market Mantra

Today's Call: Buy Manappuram Finance Ltd at Rs.14.80--15, T--Rs.21, SL--Rs.13. Since the gold prices are moving up, it is a given that, the value of their mortgages will increase. Moreover, their Q1FY14, results were good considering sequentially. Going forward the company is expected to do well, as higher value of Gold is expected to give them greater spread over loan and will also make recovery of bad loans less risky. CLICK HERE & CLICK HERE.

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