Manappuram Finance dips as brokerages lift estimates after strong results
In short
Manappuram Finance shares fell even after brokerages turned more positive on the company.
Equirus raised its FY27 and FY28 estimates after what it called strong Q2 and H1 FY27 performance. That suggests analysts see better earnings ahead, even as the stock dropped.
What the reporting says
Manappuram Finance shares slipped even as brokerages stayed upbeat after its strong Q2 and H1 FY27 performance. Equirus revised its FY27 and FY28 estimates upward, according to a Business Standard summary. The revision suggests analysts saw better earnings potential, even though the stock traded lower on the day.
Why it matters
Manappuram Finance’s stock weakness contrasted with improved brokerage estimates after its reported Q2 and H1 FY27 performance. Equirus raised its FY27 and FY28 numbers, implying better earnings expectations.