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Manappuram Finance shares dip 3 despite strong Q4 profit as gold loans drive debate
Business
Published on 5 May 2026
Gold loan boom lifts results but sparks broker split
Manappuram Finance shares slipped around 3% even after reporting strong Q4 FY26 profit, as the market wrestled with how much the gold-loan surge should influence future performance. The company paired results with an interim dividend. Jefferies upgraded the stock to Buy with a higher target, while Morgan Stanley remained cautious despite the upbeat quarter.
- Shares fell despite a strong Q4 FY26 profit
- Gold loans surged, boosting revenue and attention
- Jefferies upgraded to Buy with a higher target
- Some brokerages stayed cautious despite interim dividend
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times