Why excitement in Manappuram stock post lifting of microfinance ban faded
Source: Live Mint Manappuram Finance Ltd stock rose 5.5% in early trade on Thursday after the Reserve Bank of India (RBI) lifted restrictions on its microfinance arm, Asirvad Micro Finance Ltd (AMFL), with immediate effect. However, the excitement fizzled out with the stock trading flat at ₹180. Removal of this ban is positive, but the…