Manappuram Finance returns more than 75% on your investment in less than 2 months

Dear Reader,

We suggested to buy Manappuram Finance on 21 Dec 2017 at 60 Rs and last week it climbed to 105 Rs resulting in gains of more than 75% only in less than 2 months.Recommendation here:

http://ankurjainraj.blogspot.in/2016/12/manappuram-finance-cheap-and-best-stock.html

In December stocks of micro finance and other sector specific stocks fell badly due to demonetization and everyone was predicting the end of the road for all of these companies in this sector.

(Read: http://www.livemint.com/Industry/CfB40Bu686ZaC6hk8isP7K/Cashdominated-microfinance-sector-reels-under-demonetizatio.html).

We had an entirely opposite view and recommended Manappuram Finance on 21 dec, 2016 at 60.2 Rs.It touched 105 last week.

The stock was available at very low valuations and was a great opportunity to add at lower levels.

In our last mail we clearly mentioned that 2017 will be the game changer for equity markets and will provide huge returns to investors. There are multiple reasons like GST rollout, shift from unorganized to organized sector, reduction in corporate tax, growth in developed countries. Don’t miss this opportunity to invest especially at a time when Indian stock market is at its inflection point. I repeat - this opportunity might not come again!!.

Budget 2017 has supported further economic growth by increased expenditure in infrastructure and reduction in income tax.

All the best.