Manappuram Finance: Long-term potential holds despite disappointing Q3
Source: Live Mint But Manappuram is no longer just about gold. Since 2014, the company has aggressively expanded into other lending segments. Non-gold loans now make up 45% of its book—half of which comes from microfinance. That shift has created a stark disconnect between gold prices and the company’s performance. Gold has surged 38% in…