Shares Of Manappuram Finance Gained Over A Percent In The Morning Trade As Investors

Shares of Manappuram Finance gained over a percent in the morning trade as investors bet on the stock ahead of its Board Meeting.

The company’s Board will be meeting on June 14 in a bid to consider issuance of non-convertible debentures (NCDs) on a private placement basis.

It was in the news recently after it declared its financial results. The company reported a fall of 9.2 percent in its net profit at Rs 182.17 crore in the last quarter ended March 2018. The company had registered a net profit of Rs 200.58 crore in the same quarter of the preceding fiscal.

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