Technical breakout of Tata Power & Biocon Ltd.

 Tata Power(Cmp-71.65)

Tata power's  weekly technical chart have created Inverted Head & Shoulder pattern & above Rs 63 price breakout strongly with significant increase volume.Investors & traders may take position here & continue to buy on dips with stop loss Rs.62  with target Rs.100 in short to medium term.

 Biocon Ltd. (Cmp-Rs. 442.65)

Biocon Ltd. Formed a Cup & Handle Chart pattern from 20th Sept'20 above this price chart pattern will be comlpleted & may rise to Rs. 500 in short term with stop loss Rs. 417.

"I can think of no better way to become more intelligent than sit down and read. In fact, that’s what Charlie and I mostly do." Warren Buffett

Manappuram Finance: Bouncing Back Strongly

          

                        Manappuram Finance Ltd – Stock Analysis

           Business Overview 

•   Manappuram Finance Ltd (BSE: 531213) or MAFIL is India’s one of the leading
    gold loan NBFC, incorporated in 1992.
                                                                          
• This non-banking financial  company (NBFC) situated in Valapad, Kerala state   Manappuram has over  4622 branches across 28 states, a staff strength of over 
   27500+ people with assets under management (AUM) of Rs. 25230 cr
  
  
• Manappuram Finance, Ltd operates as a non-banking finance company., formerly known as Manappuram General Finance & Leasing, Ltd , which provides general finance and leasing services. MFL’s product and services include Online Gold Loan, Gold Loan, Foreign exchange services & Money Transfer, SME Finance, Vehicle Loan, Tour & Travel Loan, Personal Loan, Hospitality Loan, Industrial Loan, Micro Home Finance, Teachers Loan Division, Healthcare Industry Loan and other Loans & Services.

•  Company operates in three segments: Asset Finance, Gold loan and Other loans,
   and Fee-based activities 

• Earlier company focused on gold loans, so MFL was prone to the concentration risk. Financial sector regulators in India have been expressing concern over the concentration risk inherent in the mono-line business model.
  
  
• To alleviate these concerns, the company initiated bold moves to become a multi-product company with a diversified presence across new business areas like Microfinance, vehicle and housing finance and SME lending.

Financial Highlights

Key Financial Highlights

* Revenue Las t 5 year increases From 2369 Cr to 5465 Cr  ( Increase 2.5 Times)

* Net Profit last 5 year increases from 353 Cr to 1468 Cr ( Increase 4.15 times)

* Return on Equity last 5 Years  consistently increases from 13.18 % to 29.02 % ( Increase 2.2 times)

* Return on Asset last 5 Years  increases from 12.64 % to 16.2 % ( Increase 1.3 times)

* Return on Equity last 5 Years  consistently increases from 13.18 % to 29.02 % ( Increase 2.2 times)

* Reserves last 5 Years  consistently increases from 2590 Cr  to 5545 Cr ( Increase 2.14 times)

* Last 3 year no share capital diluted.

 : My Take :

>  Manappuram Finance Ltd’s performance for last 5 years was robust. 

 > Given the long term favorable industry dynamics considering sustainable growth
    potential, retail focused NBFC, with consistent strong financial performance and
    growth on the back of financial discipline By the next few years, it expects to            emerge as the largest player in the gold loan sector in Pan India and expand
    its business domain beyond India.

>With its strong operating efficiency, adequately capitalized and high yielding            business, the company is expected to deliver strong loan growth with                          improved margins in the coming quarters

Technical Chart :  

Weekly  above 186 Cup & Handle Formation will be completed.So Buy on dips & more above 186 for the target of 255+. Happy investing