Manappuram Finance Ltd has delivered a strong technical breakout in December 2025, hitting fresh record highs after months of sideways movement. The NBFC stock successfully broke above its consolidation zone, signaling renewed bullish momentum in the financial services sector.

Technical Breakout Analysis

The stock had been consolidating in a narrow trading range since September 2025, with ₹300.00 serving as a key resistance level. This three-month consolidation period created a strong base for the recent upward movement, as the stock finally overcame the psychological barrier that had capped gains for an extended period.

Expert Price Targets

Technical experts have identified attractive upside potential following the breakout. Short-term traders are being advised to consider the stock for potential gains, with specific price targets established based on the current chart formation.

Market Positioning

The breakout comes at a time when the NBFC sector has been showing renewed interest from investors. Manappuram Finance's ability to overcome its resistance level and establish new highs demonstrates strong underlying momentum and suggests positive market sentiment toward the company's prospects.

The technical setup indicates that the stock has successfully transitioned from a consolidation phase to a potential trending phase, with the chart pattern supporting expectations for continued upward movement in the near term.

Manappuram Finance Limited announced key strategic decisions following its board meeting held on December 26, 2025. The company appointed a new Group Chief Financial Officer and approved significant investments in its subsidiary, while also authorizing enhanced borrowing limits to support business expansion.

Leadership Appointment

The board appointed Mr. Buvanesh Tharashankar as Group Chief Financial Officer, effective December 26, 2025, based on recommendations from the Nomination, Compensation and Corporate Governance Committee. He has been designated as Key Managerial Personnel, while Ms. Bindu A.L. will continue as Chief Financial Officer and Key Managerial Personnel of the company.

Buvanesh brings nearly three decades of experience across leading banking and financial services institutions. His expertise spans financial strategy, capital and balance sheet management, regulatory interface, governance, investor engagement, and business analytics. He previously held senior roles at RBL Bank as Chief Financial Officer, Jana Small Finance Bank as Chief Financial Officer, and Citibank in India and overseas.

Strategic Investment in Subsidiary

The board approved an additional investment of up to ₹250.00 crores in Asirvad Micro Finance Limited (AMFL), a subsidiary of the company. This investment will be made in single or different tranches to support AMFL's capital expenditure and working capital requirements. AMFL operates in microfinance, gold loans, and MSME loans business segments.

Borrowing Limit Authorization

The board authorized an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The authorization allows the company to raise funds up to ₹75,000.00 crores, subject to shareholder approval. This enhanced borrowing capacity will support the company's growth initiatives and operational requirements across various debt instruments including convertible debentures, secured premium notes, and bonds.

Stock Performance

Shares of Manappuram Finance ended 0.22% higher on the National Stock Exchange. The stock touched a fresh 52-week high of ₹318.90 during the trading session. The stock has risen for seven consecutive trading sessions, delivering cumulative gains of nearly 11% during this period.

Extraordinary General Meeting

The board has scheduled an Extraordinary General Meeting (EGM) for Thursday, January 22, 2026, at 11:00 AM through Video Conferencing facility. The EGM will seek shareholder approval for the resolutions mentioned in the notice, including the borrowing limit authorization.