Yes there are two things which market is watching closely
1)Can the competeitiors sustain the operational challenges of gold loan on long term .Many have tried in past and everytime everyone failed except muthoot and Manappuram .Gold loan on large scale long term is hard .Banks do it for short period and then they start losing the momentum .
- microfinance has huge potential and so far Manappuram is doing well
If Manappuram succeds in either(gold/min gold) than it will be a retating.
If both things happen ( gold growth and microfinace growth )then it will be a multi bagger given current valuations
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