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Poonawalla Fincorp among 4 stocks closed above VWAP, signalling a bullish shift
On July sixth, four Nifty500 stocks saw closing prices rally by over 1.5 percent. This movement above their Volume Weighted Average Price suggests a potential bullish trend. Karur Vysya Bank and Poonawalla Fincorp showed significant price increases. Manappuram Finance and Swan Corp also experienced positive trading activity.
Manappuram Finance CEO Deepak Reddy resigns, to step down in December
Shares of Manappuram Finance Ltd ended at ₹328.50, up by ₹6.05, or 1.88%, on the BSE.
Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams
Gold prices surged past Rs 1.48 lakh per 10 grams on Friday, propelling shares of gold financiers like Muthoot Finance and Manappuram Finance up by as much as 5%. This rally was triggered by weaker-than-expected US jobs data, which cooled inflation concerns and reduced expectations of an imminent interest rate hike by the US Federal Reserve.
Magellanic Cloud arm receives LoI from Manappuram Finance
For AI-Powered security infrastructure across 1,000+ branches
Muthoot Finance, Manappuram Finance shares decline up to 3.5% as gold prices hit multi-month lows
Gold loan NBFCs, including Muthoot and Manappuram, have seen significant stock declines related to falling gold prices and heightened US Federal Reserve rate hike expectations.
Falling gold prices put gold financiers Manappuram, Muthoot and others under pressure
According to brokerage firm Investec, the sharp run-up in gold prices, constrained supply in unsecured lending were tailwinds for the gold finance segment in the financial year 2026. Gold is now India's second-largest retail loan segment behind only mortgages.
Manappuram Finance, Muthoot Finance, other gold financier stocks drop up to 3%. Here's why
Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal Reserve rate hikes pressured bullion, raising concerns over collateral values and loan demand for gold-backed lenders such as Manappuram Finance, Muthoot Finance and IIFL Finance.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
Cochin Shipyard among 5 F&O stocks with a sharp rise in futures open interest
Futures open interest in the NSE F&O segment rose sharply on June 11, with five stocks recording over 5% growth. Cochin Shipyard led the list, followed by Max Healthcare, Amber Enterprises, Nuvama Wealth, and Manappuram Finance, indicating fresh position build-up and heightened trading activity in select counters.
Top Gainers & Losers on June 10: Oil India, NLC India, Manappuram, Indian Bank, Redington, among top losers - Mint
Top Gainers & Losers on June 10: Oil India, NLC India, Manappuram, Indian Bank, Redington, among top losersMint
Manappuram, Muthoot Finance shares fall up to 7% as gold slump raises growth concerns
The selling pressure followed a sharp decline in gold prices. Domestic gold rates fell nearly 2% on Wednesday to their lowest levels since early May, slipping below levels seen before the recent increase in import duties.
Oil India Ltd leads losers in 'A' group
Avalon Technologies Ltd, TD Power Systems Ltd, IFCI Ltd and Manappuram Finance Ltd are among the other losers in the BSE's 'A' group today, 10 June 2026.