|Chart of SEL Manufacturing Company Ltd|
Manappuram Finance Ltd today, rose to Rs.15.33 before closing flat at Rs.14.86. If you look at the daily chart it seems it has today formed a bottom. Besides this its 50 DSMA is above its 100 DSMA, which alone gives more confidence to the bulls. Moreover, according to a brokerage estimate, its Q2FY14 results will be better than Q1FY14, though on Q-o-Q basis there could be some de-growths.
|Chart of Manappuram Finance Ltd|