I think so too because in the larger scheme of things, Manappuram will benefit as this change effectively means that businesses that already have been adopting to technology quickly (like Manappuram) will be more compliant and also gain more of the organized business faster. Also, compared to Muthoot, Manappuram has lower % of cash loans. So all in all, there could be some uncertainty in the short term but the long term story is intact and I will add more during this fall as I did during the ED crisis.
Note - Invested in Manappuram and biased. Not a BUY/SELL recco as I am a still learning how the stock markets work
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