The Problem With Short Term Gold Loans

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M f l was set to witness a bumper year. But then in the late 20 twenties, gold prices started moderating. The company now feels they need some added protection if prices continue to tumble. They have been asking customers to pledge more gold in a bid to showe up the collateral.

This week Manappuram Finance released its first quarterly results for the new financial year and while profits increased 18%, the company’s share tumbled 15% in just 2 days. So in today’s episode for 14th August 2021, we look at the business and see why investors may have been let down, despite the seemingly positive results.