Manappuram Finance is a Growth Company currently due to the Gold Boom & Recession Impact. Plus, it is having forecasted entry into Auto & Vehicle Loan segments which makes the Future too attractive.
The Intrinsic Value Discount as of Nov 2020 is around 80% & thus the Current Price Levels seems attractive.
The target price is Rs. 300 for 2 years & Rs. 500 for 5 years.
However, this Company have a Trend of ONLY Quoting Maximum of 50% Discount to Intrinsic Value due to High Volume & Chance of Reversing Recession in next 6 months thereby taking Gold to Old price may Impact the Future Price Growth of this company.
Thus the best Price to accumulate is around Rs. 120. So an Installment based buying is recommended with 30% now & further on further crashes.
Holding period 5 years minimum.
Note: Advisor holding the stock / But was bought around Rs. 90 levels.