Manappuram mislays gleam on plunging gold, stock down 4 percent

Manappuram General Finance and Leasing (MGFL) shares plunges down 4 percent to Rs 128 in early trade Friday on fears that gold costs could plunge additionally. If that occurs, the Kerala-based loan-against-gold firm’s assets under management (AUM) could shrink, according to analysts tracking the stock.

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