{
  "id": 3717742,
  "title": "Why Manappuram Finance shares have fallen 5% despite high gold prices?",
  "url": "https://urgent.news/2026/08/27/why-manappuram-finance-shares-have-fallen-5-despite-high-gold-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T10:02:53.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/why-manappuram-finance-shares-have-fallen-5-despite-high-gold-prices/article71395798.ece"
  },
  "original_language": "en",
  "account": "Manappuram Finance shares experienced a 5.17 percent decline on Thursday, trading at ₹346.50 on the NSE, with an intraday low of ₹346. Despite gold prices remaining high, the stock opened at ₹365.40 and peaked at ₹369.90 before selling pressure took over. The heavy trading volume, exceeding 96 lakh shares worth ₹339.57 crore, indicated profit-taking rather than fundamental issues. The buy-sell ratio revealed bearish sentiment, with 67.52 percent of the queued quantity on the sell side compared to 32.48 percent on the buy side. Manappuram’s stock has seen a significant rise of nearly 30 percent over the past year and over 148 percent in three years, making it susceptible to profit-taking at elevated levels. The broader gold lending sector also faced pressure. Ravi Singh, Master Capital Services’ chief research officer, attributed the weakness to profit-taking following the strong rally in gold prices and gold-linked stocks. He considered the current correction healthy and suggested further dips could present accumulation opportunities for medium- to long-term investors. Manappuram’s market capitalization stood at ₹32,562 crore at the time of reporting, with its 52-week high of ₹381.55 reached on July 30, 2026.",
  "summary": "Over 96 lakh shares worth ₹339.57 crore traded on the NSE alone by the afternoon",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}