Shares of Manappuram Finance surged to fresh record levels in December 2025 after breaking out of a three-month consolidation, signalling strong upside momentum for the NBFC stock. The breakout was backed by robust trading volumes and positive technical indicators like a bullish MACD and a Supertrend buy trigger, suggesting continued strength in price action.
Analysts note that the stock had been range-bound since September 2025, with resistance near Rs. 300, which has now been convincingly breached as Manappuram touched new highs. Improving demand for gold loans and accumulation around key support levels are seen as key drivers behind the upmove.
For short-term traders, market experts suggest a strategy of buying on dips with an immediate target of around Rs. 330 over the next 2–3 weeks, while maintaining a stop-loss below Rs. 305 to manage risk amid volatility.
The strong performance in Manappuram Finance shares reflects the broader rally in gold and gold-loan businesses this year, which has benefitted NBFCs focused on gold-backed lending as precious metal prices reached elevated levels.
Will the rally continue in 2026? While technical momentum remains positive and gold-loan demand is improving, investors should also watch macroeconomic conditions, gold price trends, and company fundamentals before positioning for the year ahead.
