Manappuram Finance shares to give big upside after Q3 results

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The Manappuram Finance shares have been in base building mode for last six months but after the Q3 results

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current fiscal, Prabhudas Lilladher is highly bullish on the financial stock

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Brokerage believes that Manappuram Finance share price may soon come out of the base building mode

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It may go up to ₹144 apiece levels in long term

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On reason for being bullish on Manappuram Finance shares, the brokerage said

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We increase our FY25 NII estimates by 3% given decrease in cost of funds from 8.9% to 8.7%

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Asset quality should improve further,

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going forward, and management has guided for further reduction in credit cost

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