Porinju Veliyath & Dolly Khanna Forum

dolly khanna new gem manapuram fin cmp 72

Looks like a great multibagger stock. Dolly Khanna has bought 95,15,910 shares of MANAPPURAM FINANCE LTD.

Manappuram Fin is in the Finance - Leasing & Hire Purchase sector. The current market capitalisation stands at Rs 6,000.69 crore.

Q2FY17: Strong AUM growth & lower opex expenses boosted profitability Manappuram Finance (MGFL) reported PAT growth of 205% YoY at Rs 192 cr which was led by healthy NII growth backed by strong advance growth and improvement in NIMs. MGFL, AUM growth for Q2FY17 was at 42% at Rs 14,500 cr, management maintained its guidance to take non gold portfolio to 25% (currently 15%) of AUM by FY18. MGFL’s NII during the quarter was up by 78% at Rs 543 cr led by 42% YoY AUM growth and improvement in margins by 380bps YoY to 15.8%. With 16% YoY increase in operating expenses as against 78% YoY increase in NII resulted in decrease in opex to AUM to 6.9% from 8.2% YoY (7.3% QoQ). MGFL’s cost of funds declined by 100bps YoY to 10.1% due to lower cost of funds from banks as well as mutual funds which resulted in increase in margins. Asset quality improved with auctions came down to Rs.23 cr in Q2 FY17 as against Rs.37 cr in Q1 FY17.

How do you know Dolly Khanna is picking this stocks. His name does not appear in shareholders list.

It is there is list of shareholders in December 2016 at BSE

Dolly khanna has been accumulating vimta labs, tcpl, fineotec chemicals, Dhanuka agro quietly. They don't appear in his portfolio as it has not yet crossed 1%

Dolly Khanna Breaks Rule To Buy Ashish Dhawan’s Fav NBFC Stock

Dolly Khanna has broken her long-standing rule of not investing in banking and NBFC stocks. She has bought a massive truckload of Ashish Dhawan’s favourite NBFC stock. Dolly’s move vindicates the unanimously bullish opinion of leading research houses

Dolly Khanna makes amends by buying truckload of Manappuram Finance

Dolly has made amends for her previous abstinence from finance stocks by buying a massive chunk of Manappuram Finance.

As of 31st December 2016, she is the proud owner of 95,15,910 shares of Manappuram Finance. The investment is worth Rs. 70 crore at the CMP of Rs. 74.

The fact that Manappuram Finance has emerged as the single largest holding in the portfolio speaks volumes of Dolly’s confidence in the stock.

The stock has overnight become Dolly Khanna’s number one stock pick.

http://rakesh-jhunjhunwala.in/dolly-kha ... bfc-stock/

Manappuram is at Rs. 93 now What luck man!