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Manappuram Finance shares jump 3% after Q1 profit soars 4x. Why Jefferies, Morgan Stanley raised target prices

AI Summary
  • ·Manappuram Finance's Q1 FY27 profit increased by nearly four-fold to Rs 585 crore.
  • ·Jefferies increased its target price for Manappuram Finance shares to Rs 430.
  • ·Morgan Stanley also raised its target price for the company's shares.
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