Over the past 8 to 10 years, Manappuram has proven to be a reliable asset for wealth generation, consistently rewarding its investors with dividends that have seen an increase over time. From dividends of less than 25 Paisa per share to now 1 per share, alongside a stock price that has multiplied sixfold from the 30s to present, plus dividends, it’s clear that Manappuram has provided numerous opportunities for long-term investors at various price points such as 60s, 80s, 120s, 170s. With anticipated Federal rate cuts potentially boosting gold prices, and the prospect of gold reaching 10K INR per gram in the next 3 to 5 years, Manappuram appears to remain an attractive investment for the coming 15 to 18 months. Any dip in its share price should be seen as a chance to invest more.
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