Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of 3/5 on Manappuram Finance. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned valuation grade of 3/5 to the company.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.
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