Looking at all these pessimistic comments…It would appear this company is close to turn around… Company does not want to sacrifice their edge for growth. Aashirwad is a dark horse. They say they might list it or do a capital raise in future. But the bottom line is rural India is struggling which is the main customer base of manappuram for the small ticket small duration loans. Agro commodity prices are sustaining at higher levels so sooner are later demand from farmers/rural households will come back with vengeance.
Invested
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