Manappuram General Finance is a known name in micro lending and loans against gold and this type of loan is taking off in India. Manappuram General Finance & Leasing Ltd has informed BSE that the Board of Directors of the Company in the meeting held on May 31, 2011, fixed Record Date as June 10, 2011, for the purpose of ascertaining the shareholders and beneficial owners who are entitled for the Bonus Shares in the ratio of 1:1 (i.e. One Bonus share of Rs. 2/- each for every One equity shares of Rs. 2/- each) held by the shareholders / beneficial owners, as approved by the Members of the Company at the Extra Ordinary General Meeting held on May 31, 2011.

Note: We have been always bullish on  Manappuram General Finance  and we had recommended this stock earlier also as thereafter  stock has given more than 50% returns.

Verdict
Now stock has come down from its higher levels and all those with long term perspective can add the stock to their portfolio as a systematic investment plan.

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